Bank of Thailand extends debt repayment and interest reduction measures
As of September this year, the Debt Clinic project has helped some 8,300 card debtors. On average, each debtor has three cards, carrying a debt of about 240,000 baht each.
Thailand’s sovereign rating outlook stable (Moody’s)
Moody’s Investors Service has today affirmed Thailand’s long-term issuer ratings at Baa1 with a stable outlook based on the view that Thailand’s fundamental credit strengths remain largely intact despite ongoing political confrontations.
Ask Thai government officials and they will fume that it is just unfair. How can Thailand be denied an “A” sovereign credit rating when other countries with poorer macro-economic numbers already have that coveted assessment?
