Kittiratt: Prolonging political conflicts will affect confidence towards the country

[webfact]

Kittiratt: Prolonging political conflicts will affect confidence towards the country

BANGKOK, 11 March 2014 (NNT) — Deputy Prime Minister and Finance Minister Kittiratt Na Ranong posted on his Facebook page warning that Thailand’s confidence ratings might start to suffer due to the prolonged political conflicts.

Mr. Kittiratt revealed that on March 5, Moody’s Investors Service and Fitch Ratings had given Thailand the confidence rating of Baa1 and BBB+ respectively. He attributed the positive outlook to the government’s good standing in its overall debt management.

Mr. Kittiratt added that Thailand’s debt structure is mainly comprised of internal debt, which sheds positive light on the confidence rating. Moreover, he said, the nation’s commerce and industry are still seen as relatively strong.

However, Moody’s and Fitch have stated that should the current political turmoil continue and be prolonged further, it may have long term effects on the nation’s tourism and production sectors — also decreasing the overall confidence rating.


-- NNT 2014-03-11

[thesetat2013]

Mr. K is a little full of himself in assuming the ratings were a + because of overall debr mgmt. When it is being argued currently about all large loans and expenditures being used corruptly. Perhaps this rating was given with the expectation that a new Gov will rise soon and debts will begin to be paid on time again and commerce and industry will return to normal.

Sent from my GT-S5310 using Thaivisa Connect Thailand mobile app

[Costas2008]

Khun Kittiratt, must be a very clever person.

Nobody would have thought that Prolonging political conflicts will affect confidence towards the country.

Now, the next step is to advice Yingluck and the other muppets to pack their bags and go away.

Then the confidence towards Thailand will improve.

[antimedia]

What a first class clown.

[lovetotravel]

I'm actually surprised the credit rating hasn't been cut yet. Methinks Thailand is a lot like China. Very few people really know all the details. What's published are, at times, white lies. As Khun Kittiratt has already said.

[Yunla]

I like this thread title a lot.

I'm looking forward to the "shooting yourself in the foot repeatedly will affect your disco-dancing" announcement.

[Bluespunk]

"Kittiratt: Prolonging political conflicts will affect confidence towards the country"

Whereas Lieing about economic growth figures and endorsing economically disasterous rice schemes will do nothing but send confidence sky high.

[Scamper]

" He attributed the positive outlook to the government’s good standing in its overall debt management. "

As Kittiratt purchases an extra heavy-duty raincoat for when the farmers arrive in Bangkok tomorrow, it is good to know he still hadn't lost his sense of humour.

[Misterwhisper]

Isn't that the same bloke who not so long engaged in "necessary white lies" by disseminating doctored economic figures? I suppose those didn't have any effect on dubious "confidence ratings" at all, did they?

Apart from offering his pseudo-clairvoyant predictions, what is Mr. Kittirat suggesting in order to solve the political conflict?

Perhaps we all should just finally accept the divine legitimacy of this inept government, lock arms, sway from side to side and sing "kumbaya" together?

[noitom]

A Thai cut and paste. Thai news filler.

[Bangmod]

confidence rating of Baa1 and BBB+ must be BAA BIB

[paymaster]

Seems like the ratings agencies appreciate the unerring abilities of Thais in general to keep Business separate from National pastimes. I for one wouldn't pass any credit to any deliberate act of fiscal genius carried out by this government to protect ratings.

[JoeThePoster]

Actually a rating of Baaaaa and Bababobo would serve investors make the right decisions.