Credit rating firm gives Thailand A- based on govt policies
Japan-based Rating and Investment Information, Inc (R&I) maintained Thailand’s sovereign credit rating at A- with a stable outlook, signifying confidence in the government’s policies and the positive direction of the country’s economy.
Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO), said the rating remains stable because the government has taken proactive measures in the development of high value-added industries and the Eastern Economic Corridor (EEC).
Infrastructure investment projects have been continuously implemented to stimulate the economy and attract foreign investment, giving the country better potential for long-term growth and escape from the middle-income trap.
R&I will be closely following Thailand’s political uncertainty and changes in the population structure that affect the implementation of national economic and growth measures.
