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International credit rating agency, Standard & Poor’s, says Jersey is in a strong economic position.
As well as giving the Island one of its highest ratings - AA-/A-1+, S&P also commented that it believed the Island's economic future looked 'stable'.
Commenting on the stable outlook, S&P said it reflected their view "that over the next three years, the risks to Jersey's financial sector and its fiscal performance will be balanced by its still-significant economic resilience".
Treasury and Resources Minister, Senator Alan Maclean, said “We are very pleased with the outcome of this latest review. It continues to reflect the island's strong economy, healthy reserves and robust plans to balance our budgets by 2019. We need to be ready for external risks to our economy, but the review has highlighted the value of our flexible institutions in weathering Brexit uncertainties.
“This report is an analysis of Jersey by a globally recognised rating agency and it highlights the significant economic resilience that will see us through these challenging times.”
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