Thailand politically more stable: Moody's
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Moody's Investors Service says that Thailand's (Baa1 stable) credit profile balances the sovereign's strong fiscal position and low external vulnerability, against emerging challenges to the country's competitiveness and moderate political risks. It added that political risks have eased somewhat over the past couple of years.
Moody's conclusions are contained in its just-released credit analysis titled "Government of Thailand -- Baa1
stable", which examines four categories: economic strength, which Moody's assesses as "high (-)"; institutional strength "high (-)"; fiscal strength "very high"; and susceptibility to event risk "moderate".
The report constitutes an annual update to investors and is not a rating action.
