Moody’s has maintained its credit rating on Macau in both local and foreign currency at “Aa3” and has revised its outlook from negative to stable, according to a statement released on Wednesday in Singapore.
The rating attributed to Macau means that the issuer has a very strong capacity to meet its financial obligations, differing from the highest level – “Aaa” – by a small margin.
Moody’s wrote that Macau’s financial standing and revenue and expenditure level provide a cushion to resist future negative shocks and that the continued process of economic diversification adds to the flexibility of Gross Domestic Product growth.
Moody’s said these favourable factors were the basis for this credit rating and prospects for the stability of the economy. (macauhub)