Fitch keeps Thailand’s credit rating at BBB+ with a stable outlook

Fitch Ratings has retained Thailand’s credit rating at BBB+ with a stable outlook, saying external finance and strong macroeconomic policies are Thailand’s key strengths.

Thailand to post GDP growth of 3.2% in 2022 and 4.5% in 2023 (Fitch)

Thailand’s economic recovery is strengthening, although rising inflationary pressures and slower global growth pose risks to the near-term rebound, according to Fitch Ratings’ analysts at its 2022 Thailand Sovereign and Bank Outlook Webinar.

Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

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.

Acquisition of Oman Block to Support Standalone Profiles Thailand’s PTTEP and PTT

The acquisition should help PTTEP maintain a robust operating profile over the next three years with a reserve life of around seven years; its medium-term target.

Fitch confirms Thailand’s rating at ‘BBB+’ with a Stable Outlook

Thailand’s ratings are supported by strong public and external finances, which have provided buffers to respond to the economic shock and market volatility associated with the coronavirus pandemic.

Fitch expects Thai hotels’ RevPAR to drop by more than 60% in 2020

A slow recovery in the number of inbound tourists, amid a weakening global economy, will remain a key challenge in the next two to three years.