Moody's affirms Thailand's ratings with stable outlook
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Moody's Investors Service today affirmed Thailand's government bond rating at Baa1 with a stable outlook.
Concurrently, Moody's has affirmed Thailand's short-term Prime-2 debt rating, the (P)Baa1 MTN/Shelf issuance rating, and the Baa1 Japan Bonds/Thai Bonds issuance rating.
Moody's affirmation is based on the view that Thailand's credit fundamentals have withstood the political turbulence in the country since the September 2006 coup. The stable rating outlook reflects the expectation that the recent resurgence in political infighting in Bangkok will not undermine Thailand's credit strengths to a material degree.
