Thailand’s debt was placed on a possible downgrade watch following the recent coup. Due to the stability since then it has been removed from consideration:
International rating agency Fitch Ratings on Monday removed Thailand from its “Rating Watch Negative” list following the September 19 military coup and affirmed the country’s BBB+ status for long-term foreign currency Issuer Default rating (IDR).
“The rating affirmations come on the back of the swift resumption of political stability following the military coup on 19 September 2006 as well as continued strength in Thailand’s key credit indicators seen since Fitch’s annual rating review in April 2006,” said Fitch Ratings in a statement made available in Bangkok.
Posted: October 23rd, 2006 under General.
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