Moody’s Investors Service announced on Wednesday that it maintained Macau’s long-term issuer ratings at “Aa3” and upgraded the rating outlook to “stable” from “negative”, according to a statement by the Macau Monetary Authority (AMCM).
Moody’s pointed out that the preservation of fiscal and external buffers provides significant room for Macau to counter negative shocks and ongoing progress on diversification bolsters prospects for more resilient economic growth, while signs of policy effectiveness support institutional strength.
All these positive factors support Macau’s high credit ratings and a change of the agency’s rating outlook to “stable”, the statement by the city’s quasi-central bank said.
“Aa3” is three notches lower than the highest rating. According to Moody’s rating definitions, ratings in the “Aa” category are high investment grade and are subject to very low credit risk.