09 February 2026
The Government of Jersey welcomes Standard & Poor's, S&P, latest credit rating for Jersey which remains consistently
strong at AA-, with a Stable Outlook.
S&P is a leading independent international credit rating
agency that checks the financial reliability of countries and
companies. Its ratings show how likely it is that an
organisation can meet its financial obligations, which can
influence investor confidence.
In its latest review, S&P confirmed that there is no change to
its long- and short-term sovereign credit rating for Jersey.
S&P said its rating is based on a stable outlook for the Island,
underpinned by the Government's strong balance sheet and
substantial reserves, and by robust and flexible institutions
and fiscally prudent policymaking.
The Minister for Treasury and Resources, Deputy Elaine
Millar, said: "I am pleased that our strong credit rating is
unchanged.
“S&P have recognised the good position that our previous
financial decisions have put us in, with robust reserves and
comparatively low borrowing. We manage our finances
responsibly and transparently, reinforcing Jersey’s positive
financial position. The rating also takes into account planned
borrowing to deliver much-needed New Healthcare
Facilities.
“Our focus is to continue with prioritising sustainable long-term public finances. The Island’s finances remain strong,
but it is important that we don’t take this position for granted.
We know we face the same demographic pressures as other
developed economies and need to shift to a longer-term
approach for financial decision making. This will ensure
sustainability, resilience and fairness for future generations.
“We have started to curb the growth in day-to-day
expenditure and remain absolutely committed to reducing
spend, which will mean revenues can be directed towards
investing in our Island's infrastructure, and strengthen the
reserves that underpin our financial stability.”
The Chief Minister, Deputy Lyndon Farnham said: “Our
planned capital programme will invest over £1 billion in
improving our infrastructure and the public realm by 2029.
The proposed Jersey Capital Investment Fund will support
this and further investment through a clear, 25-year plan that
provides certainty and continuity in renewing the Islands
public assets.
“Looking ahead, financial and professional services remain
at the centre of our strong economy, and the proactive work
we are doing through the Competitiveness Programme will
support this long into the future.
“We remain in a strong position, and we will focus on
continuing our disciplined approach to public finances and
strengthening our economy."
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