The international credit rating agency Fitch Ratings yesterday affirmed the credit ratings of the Macau Special Administrative Region (MSAR), including long-term foreign and local currency issuer default ratings, at "AA" with a "stable" outlook.
The New York City-based agency said it expected Macau's economic prospects to be bolstered by the continued expansion of its tourism sector with increased non-gaming investment, the favorable relaxation of travel policies for visitors from the Chinese mainland, and the enhancement of its tourism infrastructure.
According to Fitch's rating definitions, ratings in the "AA" category denote a very strong fiscal position for payment of financial commitments, and the capacity is not significantly vulnerable to foreseeable events.
– Xinhua, MPD
