Moody’s gives Macau govt Aa3 stable credit rating

    Moody’s Investors Service has given the Government of Macao an “Aa3 stable” credit profile, which it says reflects the absence of government debt and fiscal surpluses.

    Moody added that it expects Macau’s growth recovery to continue over the next two to three years on the back of growing gaming and non-gaming tourism.

    However, the SAR remains susceptible to potential policy measures in China, such as a further tightening of China’s anti-corruption crackdown and/or the introduction of gambling on the mainland, it noted.