BANGKOK (NNT) – The credit rating agency Fitch Ratings expects Thai corporates’ credit outlook to improve this year as vaccination is rolled out and economic activity recovers.

The agency said however, the pace of recovery for tourism would be slow amid prolonged travel and social distancing restrictions, adding that Thai banks would face restricted profitability for the next few years amid the sluggish recovery.

It also identified corporate sustainability as a trend that was shaping longer-term structural trends that will affect many of these sectors beyond the recovery.

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

Information and Source
Reporter : Paphamon Arayasukawat
Rewriter : Paphamon Arayasukawat
National News Bureau & Public Relations :
http://thainews.prd.go.th

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Virtual and Hybrid Mode AGMs Now Allowed in Singapore

Singapore has taken a significant step towards promoting a pro-business environment by allowing companies and business trusts to adopt virtual annual general meetings (AGMs).

Thai Industrial sentiment at 10-year high

The Federation of Thai Industries (FTI) has reported a rise in the Thai Industries Sentiment Index (TISI) in March 2023, attributed to an increase in foreign tourist numbers and domestic tourism promotion measures.