MACAO, March 4 (Xinhua) -- The credit rating agency Fitch Ratings on Tuesday affirmed the Macao Special Administrative Region (SAR)'s credit ratings, including long-term foreign and local currency issuer default ratings, at "AA" with a "stable" outlook.
The international rating agency expected Macao's economic prospects to be bolstered by the continued expansion of the tourism sector with increased non-gaming investment, the favorable relaxation of travel policies for Chinese mainland visitors, and the enhancement of tourism infrastructure.
According to Fitch's rating definitions, ratings in the "AA" category denote a very strong fiscal position for payment of financial commitments, and the capacity is not significantly vulnerable to foreseeable events. ■
