S&P affirms ratings on Thailand
Play
Standard & Poor's Ratings Services affirmed its ratings on Thailand with stable outlook, thanks mainly to economic strengths.
Thailand is assigned 'BBB+' long-term and 'A-2' short-term foreign currency sovereign credit ratings, and 'A-' long-term and 'A-2' short-term local currency ratings.
"Thailand's strong external balance sheet and liquidity, a modest level of government debt, and a history of effective monetary and fiscal policies support the rating. These strengths are weighed against the economy's relatively low-income level and the country's continued political uncertainty," the rating agency said in a statement.
The Nation
