Moody’s Investors Service, an international credit rating agency, announced today (22 May) to affirm Macao SAR’s long-term issuer ratings at “Aa3” with a “stable” rating outlook, which are based on the SAR Government’s strong fiscal and external positions and further progress on economic diversification.

Moody’s points out that the solid fiscal and external buffers will continue to offer Macao SAR significant capacity to withstand potential shocks.  Meanwhile, the rating agency expects Macao’s economy to grow stably alongside the progress on the SAR Government’s economic diversification policies, while regional development initiatives will bolster current diversification plans. 

“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-rating-maintains-stable-outlook--PR_397953