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:
Bishop's vote...vote...pushed back to January
Debate on Isle of Man Constitution Bill adjourned until the new yearÂ
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Treasury eyes tougher immigration rules to tackle 'risks' facing system
Higher pay requirements and stricter dependant policies to be reviewed by Council of Ministers
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
