Moody’s Maintains Macao SAR’s Long-Term Credit Ratings at “Aa3”

MACAU, May 28 - Moody’s Investors Service (Moody’s) announced yesterday (27 May) that it maintains Macao SAR’s credit ratings (long-term issuer rating) at “Aa3”.

The international rating agency reaffirms Macao SAR’s “Aa3” rating (the fourth highest), which is mainly based on its exceptionally strong fiscal and external positions, reinforced by the absence of outstanding government debt, which collectively provides Macao SAR with significant capacity to withstand shocks.

While the global economy has been confronted with intricate challenges amid elevated uncertainties, Macao SAR’s economy attained a robust recovery.  In the first quarter of 2025, Macao SAR’s economy reverted to 85.2% of the level in the same period of 2019.  Furthermore, with the support of the Central Government, the SAR Government will further consolidate the sustainability of Macao’s economic growth by methodically fostering appropriate economic diversification and regional cooperation.

According to Moody’s rating definitions, ratings in the “Aa” category are high investment grade and are subject to very low credit risk.