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Moody's Affirms MO ‘Aa3’ Credit Rating w/ Negative Outlook
Recommend 32 Positive 55 Negative 29 |
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Rating agency Moody's maintained its negative outlook on Macau, and affirmed its rating at Aa3, along with its local and foreign currency issuer ratings at Aa3, as announced by Moody's. The ratings are made after Moody's decision to affirm China's A1 rating and maintain the negative outlook on Macau. Moody's believed that Macau still has strong credit strengths, including very high per capita income and the absence of outstanding government debt. Moreover, Macau's large fiscal and external reserves provide the economy with very strong buffers to absorb shocks and negative long-term trends including a structural slowdown in China's economy. AAStocks Financial News Website: www.aastocks.com |
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