BANGKOK, 19th July 2019 (NNT) - Fitch has adjusted Thailandís credibility rating from stable to a positive outlook, and has rated the countryís issuance of long-term bonds in foreign and Thai currencies. The current political risk factor is believed not to affect the handling of the countryís macroeconomics.


The Ministry of Finance today reported the latest Fitch ratings from stable to a positive outlook regarding the Thai governmentís credibility and a rating of BBB+ on the issuance of long-term bonds in foreign currencies and the baht. Short-term bonds in both foreign currencies and the baht were rated F1 with the Country Ceiling at A-.


Fitch has demonstrted more confidence in Thailand as the political risk factor is believed not to affect the countryís handling of macroeconomics. Besides, Thailandís external finances and public finances have improved over recent years, thus keeping the country from reacting too sensitively to economic and financial uncertainties. The critical political issue has been resolved with the setting up of an elected government, though political uncertainties will depend on the stability of the coalition government.


However, Fitch will continue to monitor major issues which might affect Thailandís credibility such as the overall level of household debt, the advent of an elderly society and the development of human resources.

National News Bureau Of Thailand