23 January 2014    (George Town, Grand Cayman) Cayman Finance CEO Mr. Gonzalo Jalles welcomes recent news that Moody’s credit ratings agency has maintained its Aa3 sovereign rating for the Cayman Islands.

“Despite the state of the global economy, which is still very much in the recovery phase, it bodes well the Cayman Islands has continued to maintain its high sovereign rating from Moody’s,” said Mr Jalles.

“Our economic stability remains one of our key strengths as a financial services jurisdiction, and this recent assessment is a testament to how hard the private and public sector stakeholders have worked to maintain the credibility of the country over the years,” he added.

Mr. Jalles explained the sovereign rating is not only important for the ability of the Cayman Islands to borrow on the international markets at low interest rates, but it is also crucial for the continued success of the country in attracting hedge funds, captive insurance clients, banks, and other financial services business.

For further information on Cayman Finance, please visit www.caymanfinance.ky.