Moody’s Investors Services recently issued an award to Macau, a stellar AA3 rating, due to Macau’s financial reserves and its low governmental debt, which is in part thanks to the casino-friendly nature of the local government.
A report on the investment firm showed that they issued the rating while explaining that Macau could see more growth in the immediate future, based on the financial reserves that the region has built up in the last few years. These reserves also provide a certain level of protection to Macau, especially from “sudden external shocks,” according the firm.
The credit firm went on to explain that they expect revenue in Macau to increase in the foreseeable future, which will be backed by the gaming industry as well as the non-gaming visitors that frequent the region’s many tourist facilities. The biggest concern for Macau, according to Moody’s, is the potential of policy change in China, which might negatively affect how gaming works for the entire country.
This could coincide with a tighter hold on any corruption in the region, as well as a general weakening of the gambling services offered in one of the world’s gambling capitals, but only if gambling was introduced on the mainland in an official capacity.
The rating comes after a long evaluation performed by Moody’s Investors, which studied a number of key categories, including fiscal strength, susceptibility to event risk, institutional strength, and economic strength. All of these were investigated on their own merit before the rating was awarded.
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