MOODY’S RATING STABILITY SEEN ON EXPORTS, RECOVERY 

 Moody's also notes that political uncertainty has eased over the past year, and this development will aid the current cyclical recovery, spurred by stronger exports. However, domestic demand remains lackluster despite continued accommodation of monetary and fiscal policies.
 Moody's expects Thailand's real GDP growth to recover to 3.4 per cent in 2017, its highest rate since 2012. This is in line with or slightly above Baarated sovereigns, but remains low compared with Thailand's longterm average growth rate and with other developing Southeast Asian countries.
 Moody's expects a successful transition to a stable civilian government to lead to greater political stability. This stability could create a backdrop for a strengthening in the credit profile if tangible progress on competitiveness restores private domestic and foreign investment, and moves economic growth towards previous levels.