Fitch affirms Macau's 'AA' rating, highlighting potential economic diversification.
Rating agency Fitch affirms Macau's 'AA' rating, citing potential economic diversification. Macau's economy highly depends on mainland China, but its strong public finances and fiscal prudence support the current rating. The rating agency said, "sustained economic diversification away from the gaming industry" could lead to a positive rating action or upgrade for Macau. Currently, gaming dominates Macau's economy.
April 15, 2024
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