S&P, a global credit rating company, has affirmed Thailand’s rating at BBB+ with a stable outlook, citing the country’s growth potential and financial stability.
S&P Global Ratings has affirmed Thailand’s sovereign credit ratings at ‘BBB+’ with a stable outlook. The ratings reflect the country’s strong external balance sheet, moderate government debt, and conventional fiscal and monetary policies.
Key Takeaways
- Thailand’s economy is expected to accelerate in 2024, supported by planned fiscal measures and a recovery in the tourism sector.
- The stability of Thailand’s new government and its ability to collaborate on policymaking will be crucial for the country’s economic growth.
- Despite political uncertainty and modest per capita income, Thailand’s strong external balance sheet and moderate government debt contribute to its credit ratings.
The stable outlook is based on…
