Thailand's Credit Rating Relatively Strong In Asean

[george]

Thailand relatively strong in Asean

BANGKOK: -- Thailand's long-term local currency rating is assigned "axAA-" by Standard & Poor's, indicating its relative strength in financing financial obligations compared to other 6 Asean countries.

Based on the Asean Scale Rating, Thailand's short-term local currency rating is "axA-1", which is the third highest following Singapore and Malaysia.

Pongpanu Savetarun, director-general of the Public Debt Management Office, said that the ratings are in line with the global scale long-term and short-term local currency ratings of "A-/A-2".

-- The Nation 2009-08-19

[justcruisin]

Thailand relatively strong in Asean

BANGKOK: -- Thailand's long-term local currency rating is assigned "axAA-" by Standard & Poor's, indicating its relative strength in financing financial obligations compared to other 6 Asean countries.

Based on the Asean Scale Rating, Thailand's short-term local currency rating is "axA-1", which is the third highest following Singapore and Malaysia.

Pongpanu Savetarun, director-general of the Public Debt Management Office, said that the ratings are in line with the global scale long-term and short-term local currency ratings of "A-/A-2".

-- The Nation 2009-08-19

Seems Khun Pongpanu must be the chief Thai economist.

Export rice,#1 in the world..granted

All the foreign manufacturing industries based in Thai (ie:Toyota,Honda,Mitsubishi,Kawasaki)will come good after the ecomony recovers....Yeah in their dreams maybe

They have the option of moving to a nearby country with favorable exchange rates and labor rates.

Vietnam and Cambo would fulfil the business requirements for any large ASEAN manafacturer.

I hope the thousands + people unemployed from the above mentioned companys will find solace in the goverment stance.

The baht must de-value

Have the red and yellow shirts in to fragment the investment situation as well.

The good news is that the powers to be are contemplating upgrading internet services,oh and I nearly forgot the 80 billion baht allocated for "Cultural Projects".

Rant over...

[dale8]

Hello, it looks like the Thai government is making the numbers look good for their loans. We might see something different next year as the revenues will be down, but it is not as bad as what the US is doing with their quantitative easing. I would like to see an easing of the business rules for foreign companies to invest more in Thailand, and that would stimulate job growth to help the Thai people. Cheers.