Fitch lifts Thailand’s rating to BBB+ as new govt takes office
FRIDAY, JULY 19, 2019
Fitch Ratings has revised its outlook on Thailand’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to positive from stable and affirmed the rating at BBB+.
Prime Minister Prayut Chan-o-cha has welcomed the upward revision of Thailand’s projected economic growth for 2018 from 4.0 to 4.2 per cent by the Asian Development Bank, Government Spokesman Lt-General Sansern Kaewkamnerd said on Saturday.