Having earned a reputation for shrewd financial forecasting, Fitch Ratings has given Thailand‘s long-term foreign-currency issuer default rating (IDR) a rating affirmation of BBB+ and a stable outlook. The judgement is largely influenced by a balance between the firm’s macroeconomic policy framework and sound external finances, gauged against some structural weaknesses like the lower per capita income and lower World Bank governance scores, as against other ‘BBB’ rated peers.
The political uncertainty casting a shadow on Thailand’s credit profile might experience some relief as soon as the enactment of a new prime minister is settled upon in parliament. Despite this, the country’s medium-term growth and fiscal consolidation plans still face possible threats due to demographic crunches.
Predictions are swirling that Thailand may…
