Jersey's Credit Ratings Confirmed By Standard And Poor's (S&P)

• Published date: 02 February 2023
• Subject Matter: Finance and Banking, Strategy, Financial Services, Economic Analysis
• Law Firm: Jersey Finance Limited
• Author: Jersey Finance

In its latest review, S&P has confirmed that there is no change to the long and short-term sovereign credit rating for Jersey with the outlook stable.

In its report, S&P noted that Jersey's economy will remain comparatively insulated from global economic headwinds, owing to the broadly favourable impact of rising global interest rates on Jersey's international banking sector.

The stable outlook reflects balanced risks to Jersey's creditworthiness over our two-year outlook horizon. Jersey's economy has rebounded strongly from the pandemic. Recent economic data showed that GDP was already above pre-pandemic levels in 2021, far outpacing peers such as the U.K.

The Minister for Treasury...