J W Serveis is proud to present our very own news desk loosely based upon snippets of the local news of the screws and anything else that may or may not deserve some scrutiny.
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Andorra bank ratings are now several points above Spain's after their recent downgrade. The ratings (Mooody's look after Morabanc, and Fitch look after both Credit Andorra and Andbank) have recently been confirmed as stable, Morabanc with an A2 rating and both Credit Andorra and Andbank maintain their A- status. These ratings mean that Andorra has one of the safest banking systems. Both credit agencies though said that Andorra can not expect any upgrades with the current crisis in neighbouring countries. Andorra's sovereign rating according to Standard and Poor's was also stable at a creditable A / A-. As yet Andorra remains resilient to the financial disaster around it.22nd June 2012.