S&P downgrade top lenders in Thailand to BBB

[itsari]

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 .

[webfact]

please continue here:

 

Banks downgraded as the Banks downgraded as the Thai economy faces a liquidity crisis caused by war and tourism barriers

https://aseannow.com/topic/1254597-banks-downgraded-as-the-thai-economy-faces-a-liquidity-crisis-caused-by-war-and-tourism-barriers/

 

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/Admin