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

[webfact]

 

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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[mfd101]

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+?

[bigupandchill]

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.

[Eric Loh]

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. 

[mfd101]

27 minutes ago, Eric Loh said:

Which country has AAA+ rating. 

Never heard of irony? You must be American.

[Eric Loh]

8 minutes ago, mfd101 said:

Never heard of irony? You must be American.

 So there really no +AAA rating. Got it. 

[kingstonkid]

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.

 

 

[mfd101]

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.