Moody’s maintains Thailand’s sovereign credit rating at BBB+

The Thai government has revealed that Moody’s Investors Service has maintained Thailand’s sovereign credit rating at Baa1, equivalent to BBB+, citing a “stable” economic outlook due to strong public finances.

Deputy government spokesperson Ratchada Thanadirek said Moody’s noted that Thailand has low short-term debt of only 8%, with an extremely low baht-to-foreign currency debt of less than 2%, which contributed to the low inflation rate.

She said the agency estimates that, after the COVID-19 situation is resolved, foreign investment in Thailand will continue to grow, especially in the Eastern Economic Corridor, which will help boost domestic employment as well as consumption…