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Fitch keeps Thai credit rating BBB+

Fitch keeps Thai credit rating BBB+

Growth outlook set at 3.2% in 2022

Foreign tourists are seen through a tuk-tuk’s windshield along Khao San Road in Bangkok. (AFP photo)

Fitch Ratings has affirmed Thailand’s credit rating at “BBB+” with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana.

Fitch affirmed Thailand’s long-term foreign-currency issuer default rating at “BBB+” with a stable outlook, according to a release on June 21.

Thailand’s ratings are underpinned by the country’s sustained external financial strength and strong macroeconomic policy framework, said Fitch.

The ratings reflect weaker structural features…

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