Fitch upgrades Thai credit rating | Bangkok Post: breakingnews

Fitch lifts Thai credit rating

Published: 8 Mar 2013 at 20.10
Online news:

Fitch Ratings has raised its credit rating on Thailand, citing a resilient economy and a more stable political environment.

The country's long-term foreign currency-denominated debt was raised one level to BBB+ from BBB, Fitch said in a statement on Friday.

The new rating is in line with the ratings assigned by the two larger US-based ratings agencies, Standard & Poor's and Moody's Investors Service. The outlook on the rating is stable.

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bkposter
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Discussion 8 : 09 Mar 2013 at 07.578
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Re: D5 Were you hoping to see a downgrade?
"Fitch has revised its assessment of the risks to policy predictability and the investment environment from political and social tensions," the agency said in a statement.
I think their reasoning is sound even if you do not like any of the political parties. No business will think it is good to expand when there is no stability in government.Fact is that both parties ran on very similar platforms and promises,one side one th election and one side lost, but the policies would have been similar under either. The election was not about policy, it was about who will control the graft.
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whatajoke
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Discussion 7 : 09 Mar 2013 at 07.527
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I'm surprised to be honest. What with the latent political tension, inevitable 'return from exile', massive public spending pushing debt ratio up, and of course that 'mountain of stockpiled worthless rice'. But, I guess these agencies know what they're doing. Will they eventually prove to be prophetically wrong?
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jwatch
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Discussion 6 : 08 Mar 2013 at 23.506
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this is cool..keep up the bubble a little longer..I just need to make a little more!
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bangmodken
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Discussion 5 : 08 Mar 2013 at 22.565
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The credibility of these rating bureaus is as high as the pollsters in the recent BKK election. The "good" news arrived just in time for a new round of massive borrowing by the fugitive-led government for ill-concieved unsustainable populist policies,planless mega-projects,graft and corruption. Nice coincident,isn't it?

D2 : You're so polite..." when the many local bubbles will start to lose air". You probably meant to say "when local bubbles will burst with such force that most ordinary and poor people will be swept off their feet"?
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soltair
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Discussion 4 : 08 Mar 2013 at 22.474
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Those rating agencies were the cause of the credit crisis a couple of years ago, I totally lost trust in them. Like those polling agencies, its all justifying a paycheck at the end of the month.
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bkposter
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Discussion 3 : 08 Mar 2013 at 22.013
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Good news for a change. Seems the rating agencies feel democracy is preferred rather than rule by coup.
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Bangon
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Discussion 2 : 08 Mar 2013 at 21.372
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Just a honest mistake, as will show when the many local bubbles will start to lose air, but no prob, they didn't (want to) see it coming with the sub-primes in the US either... BTW it's for a quite important part thanks to those rating bureaus that so many common people in the US and Europe lost their hard worked for savings, so why bother about small savers in Thailand, with this 'government'! And the only bubbles for these guys will be the ones in their Champagne anyway... Disgusting!
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bluebottle
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Discussion 1 : 08 Mar 2013 at 21.111
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Some good news although they seen to have missed the mountain of rice on hand and subsequent borrowing needed to subsidise it.
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