Moody’s puts Macao on downgrade review

Moody’s Investors Service said it placed Macao’s Aa2 government issuer rating on review for downgrade.

The agency said it the review will assess the extent of the impact of a prolonged decline in gaming revenues, a key driver for Macao’s economy, Moody’s said.

The review also will assess the government’s broader economic strength, balance of payments and current financial position, the agency said.

Moody’s said it also will consider any impact on Macao after the recent outlook change on China negative from stable, given Macao’s strong financial, political and institutional linkages with China.

The review should be completed in three months, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.