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S&P downgrade top lenders in Thailand to BBB

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Latest down grade of top lenders in Thailand by the S&P credit agency is a concern for us all as the economy is heading for more problems with energy prices increasing and the tourist industry recovery after 2 years of covid  that Thailand is heavily dependent on is slow to say the least .

The next down grade from the agency would put them into junk status .

Still the Thai baht remains strong although close to its lowest value in the last 12 months against the US dollar .

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