Cannan confident after credit blow

Island's score now in line with the UK

The Treasury Minister says he was not surprised to see the Island's credit rating downgraded - but insists it doesn't show the full economic picture.

Investment analysts Moody's have revised our score to Aa2 stable from Aa1 negative, in line with the UK.

Continuing uncertainty over the Britain's exit negotiations with the European Union are being blamed.

Alf Cannan says the decision was inevitable: