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S&P Global Ratings Maintains Thailand’s Sovereign Credit Rating at ‘BBB+’

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BANGKOK, Dec 1 (TNA) – S&P Global Ratings (S&P) has maintained Thailand’s Sovereign Credit Rating at ‘BBB+’ with stable outlook in view of the country’s sustained economic recovery and fiscal stability, disclosed Government Spokesperson Chai Wacharonke.


S&P expects Thai economy to quickly recover and grow from 2.5% in 2023 to 4.2% in 2024, as a result of the Government’s fiscal policy implementation and the rebound of tourism sector.

 

The country’s Real GDP Growth is expected at an average of 3.2% during 2023 and 2026, whereas general government debt-to-average GDP ratio is forecasted to be below 4% during 2024 and 2026.

 

Full story: TNA-MCOT 2023-12-01

 

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47 minutes ago, webfact said:

general government debt-to-average GDP ratio is forecasted to be below 4% during 2024 and 2026.

I obviously don't understand these things, but - with a debt-to-GDP ratio of 4%, and compared to any 'Western' nation - why isn't Thailand rated at AAA+?

1 minute ago, mfd101 said:

I obviously don't understand these things, but - with a debt-to-GDP ratio of 4%, and compared to any 'Western' nation - why isn't Thailand rated at AAA+?

It is their inability to raise tax revenue that is the problem.

7 minutes ago, mfd101 said:

I obviously don't understand these things, but - with a debt-to-GDP ratio of 4%, and compared to any 'Western' nation - why isn't Thailand rated at AAA+?

 Which country has AAA+ rating. 

27 minutes ago, Eric Loh said:

Which country has AAA+ rating. 

Never heard of irony? You must be American.

8 minutes ago, mfd101 said:

Never heard of irony? You must be American.

 So there really no +AAA rating. Got it. 

6 hours ago, mfd101 said:

I obviously don't understand these things, but - with a debt-to-GDP ratio of 4%, and compared to any 'Western' nation - why isn't Thailand rated at AAA+?

The rating system is set and aaa is almost impossible to achieve.

 

It will be interesting to see what the Ranking is after all the promises are met.

 

 

43 minutes ago, kingstonkid said:

The rating system is set and aaa is almost impossible to achieve.

Impossible for Thailand at any rate.

 

S&P rates 11 countries AAA, excluding Usofa. Fitch rates 10 countries AAA, excluding both US & Canada. Moody's rates 12 countries AAA, including Usofa & Canada.

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