According to a press release published by Moody’s Investors Service today, the international rating agency affirms Macao SAR’s long-term issuer ratings at “Aa3” with a “stable” rating outlook.
Moody’s points out that Macao SAR’s strong fiscal and external positions as well as high per capita income will continue to provide material buffers against shocks to support its credit ratings. Meanwhile, the “stable” rating outlook is maintained as Moody’s expects that Macao SAR’s economic activity will be restored to pre-pandemic levels by 2024.
“Aa3” is the fourth 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_442442
