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:
Unite the Union confirms Bus Vannin drivers have voted for industrial action
Promenade parking to close this afternoon
DOI committed to having conversations with bus drivers via union, says minister