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Fitch Maintains Macau's Rating at 'AA' with Stable Outlook
Recommend 11 Positive 19 Negative 5 |
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Rating agency Fitch has maintained Macau's long-term foreign-currency issuer default rating at "AA" with a "stable" outlook. Fitch stated that Macau's rating primarily reflects its solid public and external financial position. Even during periods of economic and gaming revenue shocks, the city could still demonstrate prudent fiscal management. Fitch also gave its forecast on Macau's GDP growth, which will slow from 8.8% in 2024 to 6.9% in 2025, given that gaming revenue may gradually climb to about 81% of the 2019 level on the rebound seen in 2024. In addition, Macau's GDP growth is expected to be supported by a sustained but slower recovery in the gaming tourism industry, favorable visa policies for mainland tourists, non-gaming investments, and enhanced tourism infrastructure. AAStocks Financial News |
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