Veritas: Isle of Man, Guernsey are ‘AAA’ rated
S&P rates the Isle of Man and Guernsey ‘AAA’, something investors such as Warren Buffet or Bill Miller of Legg Mason, and president Obama, might have made more use of in the past week when knocking the ratings agency.
According to the CIA World Factbook the Isle of Man (IoM) has 507 males “reaching military significant age annually”. And 494 females.
It has 63km of railroads and 500km of roads. It has one airport and two ports including terminals.
A British Crown Dependency, its economy is predominantly reliant on offshore banking, manufacturing, and tourism. Most trade is with the UK, the CIA notes.
Guernsey has two airports with paved runways, the CIA says, although GDP per capita is over $44,000, higher than the IoM’s $35,000.
S&P’s other ‘AAA’ rated countries include: Australia, Canada, Sweden, Denmark, Finland, Norway, Germany, France, Liechtenstein, Austria, Switzerland, Luxembourg, Netherlands, UK, Singapore, and Hong Kong.