Growth momentum key to upgrade
Political uncertainty also holds key - Fitch
Thailand's credit rating outlook could be raised if the country is able to sustain its strong economic growth and political issues are resolved, according to Fitch Ratings, an international credit rating agency.
Andrew Colquhoun, director and head of Asia-Pacific Sovereigns at Fitch Ratings (Hong Kong), said that if in the next 12-18 months, the impact of political uncertainty lessens and the momentum of the second-quarter economic performance is sustained, it would be more consistent to set the local currency rating back to a stable outlook.
"Concern remains in the longer term. We don't place too much weight on one quarter," Mr Colquhoun said.
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About the author
- Writer: Pornnalat Prachyakorn
- Position: Business Reporter
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