MercoPress, en Español

Montevideo, May 26th 2024 - 15:47 UTC

 

 

Falkland Islands' A+ rating retained, signals economic strength

Tuesday, March 26th 2024 - 12:06 UTC
Full article 1 comment
“The continued A+ rating provides an excellent position to support our future budgetary decisions,” Financial Secretary Pat Clunie said “The continued A+ rating provides an excellent position to support our future budgetary decisions,” Financial Secretary Pat Clunie said

The Falkland Islands Government (FIG) has announced the retention of its global A+ sovereign rating by S&P Global Ratings, with a stable outlook. This rating reflects the government's strong financial capacity and prudent fiscal policies.

Financial Secretary, Pat Clunie, emphasized the significance of this rating, stating, “The continued A+ rating provides an excellent position to support our future budgetary decisions, economic growth, and is something the Falklands should be proud of.”

MLA Roger Spink, Portfolio Lead for Government Services, highlighted the role of stability and prudent governance in achieving this rating: “Retaining this status sends a strong signal of economic strength, and continues to provide the Falklands community and outside investors with the reassurance that we are careful stewards of our economy and government finances. My congratulations must go to the Honourable Financial Secretary and his team on all the hard work they have put in to maintain this healthy position.” 

The A+ investment grade credit rating means that the government has continued to demonstrate sufficient and strong capacity to meet its financial commitments, including maintaining a good future outlook. ”Our robust economic position is supported by prudent financial decision-making,” FIG stated on Tuesday.

Categories: Economy, Falkland Islands.

Top Comments

Disclaimer & comment rules
  • Jo Bloggs

    This is good to read. Thank you, UK Gov’t. There are various issues that all of the OTs and CDs face around education and lots of them are fixable with the help of the right people.

    Closer to home, our own education department is unfortunately in need of a good overhaul. Nothing we need help with from the UK; just a few people who have either been there too long, been promoted beyond their level of competence or should never have been employed in the first place. Not many people though. A handful at most.

    Apr 03rd, 2024 - 12:38 am 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!