Moody’s Investors Service, an international credit rating agency, announced today to affirm Macao SAR’s long-term issuer ratings at “Aa3” and upgrade the rating outlook to “stable” from “negative”.

Moody’s points out that preservation of fiscal and external buffers provides significant room for Macao SAR to counter negative shocks; ongoing progress on diversification bolsters prospects for more resilient economic growth while signs of policy effectiveness support institutional strength. All these positive factors support the SAR’s high credit ratings and a change of rating outlook to “stable”.

“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.

Moody’s press release can be found via this link:

https://www.moodys.com/research/Moodys-affirms-Macaos-Aa3-issuer-rating-changes-outlook-to-stable--PR_366138