Cayman Finance chief executive Gonzalo Jalles has welcomed recent news that Moody’s credit ratings agency has affirmed its Aa3 sovereign rating for the Cayman Islands, viewing the outlook on the country as “stable”.
“At a time when the global economic recovery remains uncertain and most countries around the world face serious challenges, it is pleasing to note that Moody’s recognises the strength of the Cayman economy and the long term prospects for the Cayman Islands remain very strong in the eyes of economic experts," says Jalles (pictured).
He says the decision to maintain Cayman’s current high ratings shows the long term strength of the Cayman Islands economy remains strong.
"This bodes well for our jurisdiction because it shows the resilience of our financial services and tourism industry," says Jalles. “The strength of our economy is something we should be proud of especially when comparing to some of our competitors.”
