The Treasury Minister doesn't feel a potential downgrade of the Island's bond ratings will have a major impact on the Manx economy.
Moody's is set to review the AAA status.
It's thought if the ratings agency does downgrade the Island it will be because of external pressures, rather than domestic finances.
Eddie Teare:
NEXT store to remain open
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Woodbourne House blames economic pressures and maintenance concerns
Torden Stores announces it's closing down
Owners say it's not been an easy decision
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Joint announcement aims to set agreed future direction on matter
