Macao Credit Ratings | FX Empire

Macao

Moody's		S&P		Fitch		DBRS		Scope Ratings
Rating	Outlook	Rating	Outlook	Rating	Outlook	Rating	Outlook	Rating	Outlook
Aa3	Negative	NR	-	AA	Stable	NR	-	NR	-

Rating Agency	Date	Previous Rating	Previous Outlook	New Rating	New Outlook
Moody's	Dec 06, 2023	Aa3	Stable	Aa3	Negative
Fitch	Apr 15, 2021	AA	Negative	AA	Stable
Fitch	Dec 16, 2019	AA	Stable	AA	Negative
Fitch	Feb 13, 2018	AA-	Stable	AA	Stable
Moody's	May 24, 2017	Aa3	Negative	Aa3	Stable
Moody's	May 25, 2016	Aa2	Negative Watch	Aa3	Negative
Moody's	Mar 11, 2016	Aa2	Stable	Aa2	Negative Watch
Moody's	Mar 02, 2014	Aa3	Stable	Aa2	Stable
Fitch	May 22, 2013	NR	-	AA-	Stable
Moody's	Jul 26, 2007	A1	Positive Watch	Aa3	Stable
Moody's	May 30, 2007	A1	Positive	A1	Positive Watch
Moody's	Jul 06, 2006	A1	Stable	A1	Positive
Moody's	Oct 15, 2003	A3	Positive Watch	A1	Stable
Moody's	Sep 21, 2003	A3	Positive	A3	Positive Watch
Moody's	Feb 09, 2003	Baa1	Stable	A3	Positive
Moody's	Nov 03, 1997	NR	-	Baa1	Stable

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	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	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risks	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative	Ca	CC	CC	CCC	CC
Extremely Speculative			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR