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Moody’s affirms ‘resilient’ economy

Moody’s affirms ‘resilient’ economy

Agency maintains Thai credit rating with a stable outlook, but government debt likely to rise

A man rides a horse on empty Cha-am beach in Phetchaburi, amid the coranavirus disease (COVID-19) outbreak, on Dec 25, 2021. Moody’s expects tourist arrivals to reach around 15% of pre-pandemic levels by the end of 2022.(Reuters photo)

Moody’s Investors Service has affirmed Thailand’s credit rating and maintained its outlook at stable, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office.

On Thursday, Moody’s affirmed the Thai government’s Baa1 issuer and local currency senior unsecured ratings.

The affirmation of the Baa1…

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