Moody’s Investors Service announced yesterday 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, according to the AMCM statement, 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.
