Macau Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
Macau
Aa3
Negative
NR
AA
Stable
NR
NR

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
Macau
Dez. 06, 2023Moody'sAa3StableAa3Negative
Macau
Apr. 15, 2021FitchAANegativeAAStable
Macau
Dez. 16, 2019FitchAAStableAANegative
Macau
Feb. 13, 2018FitchAA-StableAAStable
Macau
Mai 24, 2017Moody'sAa3NegativeAa3Stable
Macau
Mai 25, 2016Moody'sAa2Negative WatchAa3Negative
Macau
März 11, 2016Moody'sAa2StableAa2Negative Watch
Macau
März 02, 2014Moody'sAa3StableAa2Stable
Macau
Mai 22, 2013FitchNRAA-Stable
Macau
Juli 26, 2007Moody'sA1Positive WatchAa3Stable
Macau
Mai 30, 2007Moody'sA1PositiveA1Positive Watch
Macau
Juli 06, 2006Moody'sA1StableA1Positive
Macau
Okt. 15, 2003Moody'sA3Positive WatchA1Stable
Macau
Sep. 21, 2003Moody'sA3PositiveA3Positive Watch
Macau
Feb. 09, 2003Moody'sBaa1StableA3Positive
Macau
Nov. 03, 1997Moody'sNRBaa1Stable

Table Key

BewertungMoody'sS&PFitchDBRSScope Ratings
Prime (Triple A)
Aaa
AAA
AAA
AAA
AAA
High Grade
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Upper Medium Grade
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Lower Medium Grade
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Non-Investment Grade Speculative
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
Im Verzug mit wenig Aussicht auf Wiedergewinn
CD
RD
RD
In Verzug
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Nicht bewertet
NR
NR
NR
NR
NR
FAQ
Macau’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Macau’s credit risk.
This page lists the latest rating and outlook actions for Macau, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Macau's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Macau ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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