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The Isle of Man's financial standing around the world has been reinforced.
The credit rating agency Standard and Poor's has renewed the Island's 'Triple A' validation.
The rating is an indicator of a jurisdiction's level of public debt, and is considered important among international investors.
Standard and Poor's looked again at the Island's financial position following changes to the VAT sharing arrangement with the United Kingdom, which will lead to a substantial loss of revenues in the years ahead.
Treasury Minister Allan Bell has welcomed the rating renewal and says the Isle of Man has shown it has the will and financial strength to balace budgets and ensure future economic success.
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