Slight drop in confidence from Moody's
The outlook on the Isle of Man’s credit rating has been changed from ‘stable’ to 'negative'.
Moody’s Investors Service has changed the outlook to ‘negative’ AA1 following the result of the EU referendum.
The UK’s vote to leave catalysed its reduction to an AA rating on Moody’s, Standard and Poor’s, and rival firm Fitch earlier this week.
Treasury Minister Eddie Teare says it isn’t a game changer, though:
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Estimates suggest more than half a million pounds could be generated
Case for horse tram track extension to be sought
Infrastructure minister seeking backing from Treasury
£10 million investment for Heysham Port
Steam Packet welcomes 'significant step forward'
Chief Minister: Global trade tariffs unlikely to significantly impact Manx economy
Alfred Cannan tells Tynwald the Island’s service-based economy offers resilience amid global uncertainty