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Moody’s Upgrades Macau From Negative to Stable on Improved China View, Strong Fiscal Buffers Through Gaming and Tourism
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The financial rating agency Moody's today admitted that, in a "positive scenario", efforts to diversify Macau's economy, highly dependent on casinos, could bear fruit sooner than expected.
Moody’s upgrades Macau outlook to stable on China, fiscal strength
Moody’s lifts Macau outlook to stable, citing China linkages and strong fiscal buffers supported by gaming and tourism revenues. The post Moody’s upgrades Macau outlook to stable on China, fiscal strength first appeared on Asia Gaming News | AGB - Asia Gaming Brief.
Moody’s upgrades Macau from negative to stable on improved China view, strong fiscal buffers through gaming and tourism
Moody’s Ratings has updated its outlook for Macau from negative to stable and affirmed its local and foreign currency issuer rating at Aa3 – a reaction to the agency’s decision this week to change China’s outlook from negative to stable with an A1 rating. In a Tuesday filing, Moody’s said its decision to mirror China’s outlook while keeping the Macau rating one notch above China reflects its assessment of very tight economic, political and inst…
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