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Island's credit rating reaffirmed after Brexit

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:

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