By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Life Care NewsLife Care NewsLife Care News
  • Home
  • Business
    • Business
  • News
  • Tech
  • Entertainment
  • Health
  • Education
  • Automobile
  • Sports
Search
Technology
  • Advertise
  • Advertise
Health
Entertainment
  • Home
  • Business
    • Business
  • News
  • Tech
  • Entertainment
  • Health
  • Education
  • Automobile
  • Sports
  • Advertise
  • Advertise
Copyright © 2015 - 2024 LifeCareNews Network. All Rights Reserved.
LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Reading: The British Virgin Islands secures BBB/A-2 sovereign credit rating by S&P
Share
Notification Show More
Font ResizerAa
Life Care NewsLife Care News
Font ResizerAa
  • Education
  • Automobile
  • Entertainment
  • News
  • Tech
  • Sports
Search
  • Home
  • Home
    • Home 1
    • Default Home 5
  • Categories
  • Categories
    • Tech
    • Entertainment
    • Automobile
    • Sports
    • Education
    • News
    • Health
  • Bookmarks
  • Bookmarks
  • More Foxiz
    • Sitemap
  • More Foxiz
    • Sitemap
Follow US
  • Advertise
  • Advertise
Copyright © 2015 - 2024 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Business

The British Virgin Islands secures BBB/A-2 sovereign credit rating by S&P

PRNW Agency
Last updated: 12/02/2025 9:53 AM
PRNW Agency
Share
4 Min Read
The British Virgin Islands secures BBB/A-2 sovereign credit rating by S&P
SHARE
The British Virgin Islands secures BBB/A-2 sovereign credit rating by S&P

Agency action and stable outlook underscore territory’s stability, position as global financial services hub

ROAD TOWN, British Virgin Islands, Feb. 11, 2025 /PRNewswire/ — The British Virgin Islands’ investment in its institutional framework and economic development has designated the territory’s sovereign credit rating as investment grade BBB/A-2 by S&P. The rating was accompanied by a “stable” outlook, indicating that the BVI is on sound footing as a hub for global financial services and warrants increased investor confidence. The internally self-governing territory was noted for a prudent approach to managing public finances and working to mitigate risks in its environment.

This credit rating is expected to lower borrowing costs for government projects, benefitting residents and businesses through enhancements to infrastructure and public services as well as economic growth opportunities. The S&P rating provides an opportunity for businesses operating in the BVI to have increased access to financing, as well, which could improve trade relationships and overall market stability. The territory is fully committed to ensuring the long-term stability and opportunity that this rating is and will continue to be based on.

“The British Virgin Islands has made a strong, long-term commitment to accountability, transparency and responsibility in fiscal matters, and our efforts have not gone unnoticed. We are pleased to share our sovereign credit rating by S&P — a result that has involved considerable time and effort and that will secure economic opportunity for our territory and for those who choose to do business here,” said the Honorable Dr. Natalio D. Wheatley, Premier and Minister of Finance for the BVI. “This rating signifies that our global financial services industry rests on a solid foundation; moreover, it is poised to meet the complex and diverse needs of today’s savvy investors.”

- Advertisement -

The credit agency’s review noted a demonstration of the territory’s institutional stability — including its fiscal discipline and prudence and its consistent, sustainable economic policies — as well as potential for near-term economic growth. Moreover, with the U.S. dollar as its official currency, the BVI has “a stable institutional and economic anchor” that supports stability, and its banking system is considered generally well capitalized.

“Beyond providing our international business clientele with the reassurance they seek in establishing commitments in and conducting timely and sensitive transactions through the BVI, this credit rating is a boon to our local economy,” continued Wheatley.

The BVI’s creditworthiness and stable outlook speak to resilience and stability, placing the territory on par with other globally recognized financial centers. The rating supports assurance to institutional investors, global financial institutions, development partners and others who conduct business within the territory, which is proving an attractive destination for foreign direct investment and private sector opportunities. Further, the BVI’s clear commitment to maintaining a long-term economic strategy, regulatory framework and transparency contributed to its trusted reputation among global businesses, asset managers and financial services firms.

About the Ministry of Finance of the Government of the Virgin Islands
The Ministry of Finance is committed to managing the financial affairs of the Government of the Virgin Islands. Its primary duties include formulating and implementing fiscal policies, overseeing public sector budgets, managing government revenues and expenditures, and ensuring compliance with financial regulations and standards. More information is available at bvi.gov.vg/ministry/ministry-of-finance.

Media Contact
Kristen Sharkey
FINN Partners
+1 203 644 4899
kristen.sharkey@finnpartners.com

- Advertisement -

Logo – https://mma.prnewswire.com/media/2616992/Government_of_the_Virgin_Islands.jpg

View original content:https://www.prnewswire.co.uk/news-releases/the-british-virgin-islands-secures-bbba-2-sovereign-credit-rating-by-sp-302373007.html

You Might Also Like

Ishan Technologies Wins Frost & Sullivan’s 2024 Emerging Company of the Year Award in Network Services

AO Mainnet Launches, Ushering in a New Era of Decentralized Computing and Permissionless Ecosystem Growth

HYUNDAI MOTOR GROUP EXPANDS TESTING AND R&D FACILITIES IN EUROPE TO ACCELERATE SUSTAINABLE INNOVATION

IMVT INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into a Private Placement Transaction by Immunovant, Inc. and Encourages Investors to Contact the Firm

Maurizio Leschiutta named new Lamborghini Head of Motorsport

TAGGED: theactionagencybritishbusinessesbvicrediteconomicfebfinancialglobalhubincreasedinvestmentislandsopportunityoutlookpositionpublicratingroads&psecuresservicessovereignstabilitystableterritoryterritorystownuncategorizedunderscorevirginwell

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Quantinuum’s “Reimei” Quantum Computer Now Fully Operational at RIKEN, Ushering in a New Era of Hybrid Quantum High-Performance Computing Quantinuum’s “Reimei” Quantum Computer Now Fully Operational at RIKEN, Ushering in a New Era of Hybrid Quantum High-Performance Computing
Next Article JA Worldwide Launches Institute to Drive Research and Innovation JA Worldwide Launches Institute to Drive Research and Innovation

Stay Connected

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
YoutubeSubscribe
Google NewsFollow
LinkedInFollow
MediumFollow
- Advertisement -

Latest News

PeterMD Announces Official Website Update Featuring Telemedicine Services for Men’s Hormone Health and TRT Support
PeterMD Announces Official Website Update Featuring Telemedicine Services for Men’s Hormone Health and TRT Support
Health 10/06/2025
Bexorg Announces Research Collaboration with Biohaven Leveraging Its Novel AI-Driven Whole-Brain Discovery Platform to Enhance CNS Drug Development
Bexorg Announces Research Collaboration with Biohaven Leveraging Its Novel AI-Driven Whole-Brain Discovery Platform to Enhance CNS Drug Development
Health 10/06/2025
MiNK Therapeutics Announces Virtual Annual Shareholders Meeting
MiNK Therapeutics Announces Virtual Annual Shareholders Meeting
Health 10/06/2025
LifeLabs Supports Communities Impacted by Saskatchewan Wildfires with ,000 Donation
LifeLabs Supports Communities Impacted by Saskatchewan Wildfires with $15,000 Donation
Health 10/06/2025
//

We increase the awareness of millions of users through our news networks. We are one of the most trusted news networks in the world.

Quick Link

  • About Us
  • Contact Us
  • Editorial Guidelines
  • Privacy Policy
  • Terms and Conditions

Top Categories

  • Automobile
  • Education
  • Entertainment
  • Health
  • News
  • Sports
  • Tech

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Life Care NewsLife Care News
Follow US
Copyright © 2015 - 2024 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?