Int’l rating agency affirms Macao SAR’s long-term credit ratings at “AA”

The credit rating agency Fitch Ratings on Tuesday affirmed the Macao Special Administrative Region (SAR)'s credit ratings, including long-term foreign and local currency issuer default ratings, at "AA" with a "stable" outlook.

The international rating agency expected Macao's economic prospects to be bolstered by the continued expansion of the tourism sector with increased non-gaming investment, the favorable relaxation of travel policies for Chinese mainland visitors, and the enhancement of tourism infrastructure.

According to Fitch's rating definitions, ratings in the "AA" category denote a very strong fiscal position for payment of financial commitments, and the capacity is not significantly vulnerable to foreseeable events.