Moody's affirms Thailand's Baa1 rating; outlook stable

[webfact]

Moody's affirms Thailand's Baa1 rating; outlook stable
The Nation

BANGKOK: -- Moody's Investors Service today affirmed Thailand's long-term issuer ratings at "Baa1" with a stable outlook on the view that the country's fundamental credit strengths remain largely intact despite the political confrontations.

The military coup and the lingering political uncertainty are not expected to undermine Thailand's credit strengths to a material degree over 12-18 months, it said.

Thailand's short-term, prime-2 commercial paper programme rating, provisional "Baa1" MTN/Shelf issuance rating and "Baa1" Japan bonds/Thai bonds issuance rating were also affirmed.

The key drivers for the sovereign affirmation were the government's unimpaired ability to manage its finances, strong institutional anchors that are unaffected by the military coup and sustained external strength.

Moody's has also affirmed the senior unsecured "Baa1" rating for the Bank of Thailand.

A positive rating outlook or rating upgrade looks highly unlikely at this time, but potentially credit-positive developments would include an improvement in the political climate and a transparent roadmap for reform that clearly outlines the way from military rule towards a stable civilian government.

Factors that could trigger a negative rating outlook or a rating downgrade include an escalation of conflict between the military and protesters resulting in significant and potentially long-lasting effects on tourism or manufacturing, a significant rise in government funding costs related to domestic political uncertainty or a lapse in fiscal discipline, and/or a sharp deterioration of the balance of payments and significant loss of official international reserves.

-- The Nation 2014-06-02

[rabas]

The doctors said the patient is stable. Good news.

[Eric Loh]

The doctors said the patient is stable. Good news.

Thai economy has been consistently stable with good debt ratings, steady current account, manageable debt to GDP and a stable currency until the PDRC and their cohoot Dem Party decide to wreak it for political gains.

[SheungWan]

The doctors said the patient is stable. Good news.

Thai economy has been consistently stable with good debt ratings, steady current account, manageable debt to GDP and a stable currency until the PDRC and their cohoot Dem Party decide to wreak it for political gains.

Have to laugh at that one. The Thai economy no thanks to the Thaksin 'put' with the hopeless rice scheme and a government effectively non-governing in economic matters while totally focussed on Thaksin's personal interests.

[Berkshire]

Boy, this is really to going to upset the naysayers, all of whom were hoping for US$1:40 THB any day now.

[Payboy]

Moody's affirms Thailand's Baa1 rating

That's a step away from the rating of Baa Baa Bobo.

[klauskunkel]

Baa1....when it goes to Baa2a with a star, then the sky is falling...

[wandasloan]

Have to laugh at that one. The Thai economy no thanks to the Thaksin 'put' with the hopeless rice scheme and a government effectively non-governing in economic matters while totally focussed on Thaksin's personal interests.

Have to laugh at that one.

Through Thaksin, mass military killings, another coup, a moribund government, mass protests... through it all, the economy not only survives but is rated worldwide, in all measureable ways, as stable - as the ThaiVisa Economic Council of Expertise struggles for traction.

.

Edited June 3, 2014 by wandasloan

[Eric Loh]

The doctors said the patient is stable. Good news.

Thai economy has been consistently stable with good debt ratings, steady current account, manageable debt to GDP and a stable currency until the PDRC and their cohoot Dem Party decide to wreak it for political gains.

Have to laugh at that one. The Thai economy no thanks to the Thaksin 'put' with the hopeless rice scheme and a government effectively non-governing in economic matters while totally focussed on Thaksin's personal interests.

Guess you don't have a clue what the article is all about.

[SheungWan]

The doctors said the patient is stable. Good news.

Thai economy has been consistently stable with good debt ratings, steady current account, manageable debt to GDP and a stable currency until the PDRC and their cohoot Dem Party decide to wreak it for political gains.

Have to laugh at that one. The Thai economy no thanks to the Thaksin 'put' with the hopeless rice scheme and a government effectively non-governing in economic matters while totally focussed on Thaksin's personal interests.

Guess you don't have a clue what the article is all about.

Nothing wrong with the article, just an odd silly commentary in the thread. However, If I do need a clue the last place to look will be red cheerleader nonsense for economic analysis.

Edited June 3, 2014 by SheungWan

[chainarong]

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The doctors said the patient is stable. Good news.

Thai economy has been consistently stable with good debt ratings, steady current account, manageable debt to GDP and a stable currency until the PDRC and their cohoot Dem Party decide to wreak it for political gains.

Have to laugh at that one. The Thai economy no thanks to the Thaksin 'put' with the hopeless rice scheme and a government effectively non-governing in economic matters while totally focussed on Thaksin's personal interests.

The Thai economy expanded during the last coup , mainly because the chief fruity in the Thai Love Thai Party Khun Thaskin , placed a cap on fuel prices that then seen the garages closing at six pm because the national coffers were evaporate at an alarming rate and nearly bankrupted the country.