Fitch accumulates new data on Thailand

By The Nation

Fitch Ratings (Thailand) Co Ltd has recently approached the Finance Ministry for eocnomic figures, in the move which is believed to lead to a possible sovereign rating downgrade following the prolonged political uncertainty.

Chakkrit Parapuntakul, deputy director-general of the Public Debt Management Office, said that the compilation of new data follows the rising political tension, which affects the tourism revenue as well as investment sentiment. This could lead to the country's ability to finance debts.

Fitch has maintained Thailand's sovereign rating at "BBB+" since the September 2006 coup.

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Fitch accumulates new data on Thailand

Fitch Ratings (Thailand) Co Ltd has recently approached the Finance Ministry for eocnomic figures, in the move which is believed to lead to a possible sovereign rating downgrade following the prolonged political uncertainty.

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