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Moody's Keeps MO LT Issuer Credit Rating at 'Aa3', Adjusts Outlook to 'Stable'
Recommend 10 Positive 13 Negative 6 |
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Moody's maintained the credit rating (long-term issuer rating) of Macau at 'Aa3' and changed the outlook from 'negative' to 'stable'. Moody's reaffirmed the rating, primarily based on Macau's exceptionally strong fiscal and external positions, reinforced by the absence of outstanding government debt, which collectively provides Macau with significant capacity to withstand shocks. Concurrently, with the strong economic linkages between Macau and the Chinese mainland, China's macroeconomy and fiscal strength have demonstrated remarkable resilience in the face of external shocks. Auto-translated by AI AASTOCKS Financial News |
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