Offshore Isle of Man receives top "AAA"

Standard and Poor's, an independent rating agency, confirmed that about. Maine has retained top "AAA", the highest possible. In its report Standard and Poor's noted the excellent "financial situation" and "a proactive policy of the Government in the development of industries with high added value."

The report also indicated that about. Maine has surpassed other jurisdictions rated «AAA», such as Singapore, Bermuda, Luxembourg and the UK, in terms of growth over the past 5 years. Treasurer jurisdiction Alan Bel, reacted to the statement read as follows: «always nice to get outside confirmation that the economy is in good shape». «Isle of Man - a great business center. According to our expectations, the confirmation of the rating will help to further attract investors to the island, will give further impetus to the development of economy »- he added.

Last year the Government. Meng announced that the economy is already growing jurisdiction for 22 years. In 2004-2005. it grew by 5.2%. GNP on. Maine for this period amounted to US $ 2.8 billion - an increase of 11.5% compared to the previous period.

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Date: Fri, 13 Feb 2009 Time: 11:16 AM

Isle of Man