Fitch credit rating agency has affirmed Thailand’s long-germ foreign-currency issuer default rating (IDR) at BBB+, with a stable outlook.

 

Fitch warns, however, that lingering political uncertainty may weigh on Thailand’s credit profile, but this may be partially alleviated in the near term after parliament selects the prime minister. If the formation of a new government drags on for several months, it will impact effective policymaking, but Fitch believes that such an outcome is unlikely to lead to major shifts in the government’s key economic development strategy.

 

Real GDP growth is forecast at 3.75% this year and 3.8% next, up from 3.6% last year, says Fitch, as it predicts that economic prospects will be bolstered by tourism recovery from key source markets, alongside robust private consumption as the labour market recovers steadily. Exports will, however, continue to face headwinds due to lowering in global demand.

 

Full Story: https://www.thaipbsworld.com/thailand-given-bbb-credit-rating-with-stable-outlook-by-fitch/

 

-- © Copyright Thai PBS 2023-07-11

 

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Fitch.. The same company that gave Bernie Madoff a three star ++ rating for his Ponzie scheme

https://www.investopedia.com/what-is-the-better-business-bureau-5024818#:~:text=According to the bureau's website,available information about the business.”

 

According to the bureau's website, “BBB ratings are not a guarantee of a business's reliability or performance. BBB recommends that consumers consider a business's BBB rating in addition to all other available information about the business.”

'Thailand given BBB+ credit rating with stable outlook by Fitch'

 

Yes, let's see how that progresses now with the latest slap in the face from the hi-so's, I predict a distinct lack of stability...

The use of the word 'stable' indicates they understand the door will be locked after the horse has bolted.