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Major agency not to raise Thailand’s credit rating

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Moody’s, a major credit rating agency, proclaims not to raise Thailand’s credit rating due to domestic political turmoil. The issue was rased, at a bilateral discussion between the agency with the Public Debt Management Office of Thailand (PDMO) at the 43rd Annual Meeting of the Board of Governors, Asian Development Bank.

The 43rd Annual Meeting of the Board of Governors was held in Tashkent, Uzbekistan on 1 May 2010. The PDMO Director Chakkrit Parapantakul held a bilateral meeting with the Moody’s Senior Vice President Tom Byrne. The PDMO Director had clarified Thailand’s economic situation, pointing out that the figure at present was favorable with positive trend of exports. The figure of public debt to GDP is lower than expectation, while the foreign exchange reserve remains at a high level.

via Moody´s not to raise Thailand´s credit level : National News Bureau of Thailand.

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