Moody's: Economic reforms needed to maintain Thailand's credit rating

[webfact]

Moody's: Economic reforms needed to maintain Thailand's credit rating

BANGKOK, 25 July 2014 (NNT) – Global credit-rating agency Moody’s Investor Service warned that Thailand’s credit rating could slip further, if the country’s economic reforms are not quickly implemented.

In its latest report, Moody’s pointed out that even though the military coup has helped boost investor and consumer confidence, delays to economic structural reform could eventually be negative for Thailand's sovereign credit profile.

Moody’s stated that if the country’s ruling military are unable to implement clear-cut economic stimulus measures, then Thailand’s GDP would grow only up to 3 percent at most during a two to three year time-span.

Thailand's credit profile has largely remained immune to the country's political disturbances, thanks to a strong manufacturing sector. However, progress in structural economic reform likely hinges on reducing political uncertainty. Otherwise, Thailand’s competitiveness and economic growth would likely decline over the medium term.

Moody's Investors Service recently affirmed Thailand's government bond rating is at Baa1 with a stable outlook.


-- NNT 2014-07-25

[NongKhaiKid]

Waiting for the start of the ' no understan " Thailand ' comments

[Pib]

No, they'll just block the Moody website.

[UbonRatch]

Economic reform includes the likes of international trade, purchasing energy supplies from external sources with logistical knowledge, and getting along on an international basis. Thailand purchases its PLG, Oil, amongst other fuel resources, all from external sources, and there are few Thai regulations or obligations which meet international objectives. Q.E.D.

There is a hidden agenda in the energy crisis currently hidden here, and that is the corruption involved. There is no obligation from the 'people at the top' for best services offered to the Thai population itself. It is all "I want my cut", and thus it's neither even worth discussing nor thinking about.

Energy prices are not stable, and buying from ulterior resources helps to weaken the international player Thai climate.

[Thailand]

Economic reform includes the likes of international trade, purchasing energy supplies from external sources with logistical knowledge, and getting along on an international basis. Thailand purchases its PLG, Oil, amongst other fuel resources, all from external sources, and there are few Thai regulations or obligations which meet international objectives. Q.E.D.

There is a hidden agenda in the energy crisis currently hidden here, and that is the corruption involved. There is no obligation from the 'people at the top' for best services offered to the Thai population itself. It is all "I want my cut", and thus it's neither even worth discussing nor thinking about.

Energy prices are not stable, and buying from ulterior resources helps to weaken the international player Thai climate.

But surely the " I want my cut " brigade are a thing of the past as corruption is being eradicated. Uniformed persons said so.

[Prbkk]

Yes, of course economic reform is needed. But WHY is the Baht remaining so stubbornly high? There is nothing to justify it in the fundamentals and as every other country is very keen for their own currency to weaken, in order to remain competitive...the Baht seems to be strengthening. A stronger Baht is the last thing Thailand needs in these circumstances.

[UbonRatch]

Yes, of course economic reform is needed. But WHY is the Baht remaining so stubbornly high? There is nothing to justify it in the fundamentals and as every other country is very keen for their own currency to weaken, in order to remain competitive...the Baht seems to be strengthening. A stronger Baht is the last thing Thailand needs in these circumstances.

Because of the hidden agenda. I know you read it, and clearly!

[Payboy]

Too bad Moodys were not invited to the EU ambassadors briefing, they would be singing a different tune then.

[Thai at Heart]

Yes, of course economic reform is needed. But WHY is the Baht remaining so stubbornly high? There is nothing to justify it in the fundamentals and as every other country is very keen for their own currency to weaken, in order to remain competitive...the Baht seems to be strengthening. A stronger Baht is the last thing Thailand needs in these circumstances.

Interest rates. A low debt to GDP ratio. Decent foreign investor sentiment, relatively skilled workforce. Etc etc.

Then. Massive debt To GDP in the west. Very low interest rates in the west, etc etc

[UbonRatch]

Yes, of course economic reform is needed. But WHY is the Baht remaining so stubbornly high? There is nothing to justify it in the fundamentals and as every other country is very keen for their own currency to weaken, in order to remain competitive...the Baht seems to be strengthening. A stronger Baht is the last thing Thailand needs in these circumstances.

Etc. etc.

Do you have to write like Yul Brynner, the Kind of Siam, spoke?

[noitom]

It's a fictitious black economy. Every one knows that and no one really knows what's going on in Thailand including Thais on the inside. Economic components are not coordinated. The Thai tourist trade publishes random disconnected made up statistics and promises of preposterous initiatives. Slave labor is rampant in the fisheries, forestry and probably numerous other segments in Thailand. No reporting follow up on the slave labor in fisheries has been forthcoming. Prostitution and sex trade and its associated crime is never referenced and permitted to exist unhampered by the military dictatorship. Everyone knows that corruption is pervasive in Thai culture and its economic segments. Thai banking is rarely if ever even mentioned in the news let alone experiencing any high level money laundering arrests. It is a totally fictitious economy. A figment of the imagination of the Thai tourist and commercial trade groups thrashing about with random and utterly preposterous news releases.