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Isle of Man Dec 11 Product Image

Isle of Man Dec 11

  • ID: 2036164
  • December 2011
  • Region: United Kingdom, Great Britain
  • Standard & Poors

Abstract
Proactive economic policy and conservative fiscal stance that ensures macroeconomic growth and maintains strong public-sector balance sheet. High income economy with higher-than-average growth. Strong fiscal position supported by government's net asset position. A lack of monetary policy flexibility. A significant data gap in the Isle of Man's national and external accounts that reduces visibility to external risks. A small economy with concentrated risk related to exposure to parent banks. The ratings are supported by the Isle of Man's high income level, strong fiscal balance sheet, and political stability. The ratings are constrained by the vulnerability of the domestic economy to external factors through the sizable financial system, which has assets amounting to about 50 times GDP. The Isle of Man's...

Companies mentioned in this report are: Isle of Man
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

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Isle of Man

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