Fitch boosts credit rating

FINANCE

Published: 9 Mar 2013 at 00.00
Newspaper section: Business

Ratings agency Fitch Ratings announced a one-notch upgrade in Thailand's credit rating as of Friday, supported by declining policy risk, stable finances and low public debt.

The upgrade raises the country's long-term foreign currency rating to BBB+ from BBB, with a stable outlook. The short-term foreign currency rating was also upgraded to F2 from F3, while the country ceiling was hiked to A- from BBB+.

Credit ratings are widely used in the financial markets to help price new debt issues, with the sovereign rating used as a benchmark by investors for pricing risk and private company debt.

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oldairman
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Discussion 7 : 10 Mar 2013 at 07.257
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D6 Many Thais out here in the country actually still believe that TS paid the debt with his own money which is something I failed to make clear (my apologies) but it would also have been paid off under the Democrats.
Again you are correct the under Yingluck there are no street riots but the riots were led by the Red Shirts many of whom are in government now. AV also met international leaders but I don't think that Cambodia is less belligerent, just quieter.
AV should attend every peace meeting to present his side. He is dumb if he doesn't.
Glass is still half full but whjat is in the glass.
Have a nice day.
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hillfarang
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Discussion 6 : 09 Mar 2013 at 21.026
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oldairman, OH my! When I wrote "TS paid off the debt." Of course I meant as PM with government money! C We're limited with words now (you know) so I abbreviated.

My facts are correct.

"Bias?" You think that it is worse now under YS & PT??? Look, no street riots, Cambodia boarder is much less belicose, YS meets with other prominent Internation leaders, at least they are talking peace (Mark was invited by declined to attend), etc., etc. Glass is half-full...

... more facts.
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oldairman
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Discussion 5 : 09 Mar 2013 at 19.315
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D3 You are correct that the debt was paid off when the TRT won the election in 2001 but you fail to say that Thaksin paid it off with government money NOT his own.
You also failed to state that the Democrats would also have paid it off as they did most of it with government money.
You also failed to mentionthat Thaksin was in the governments that caused the problem in the first place.
try not to let your bias show and do a little checking before you post.
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HowIWish
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Discussion 4 : 09 Mar 2013 at 14.054
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Silence is golden from certain members of the discussion forum. It's OK being a supporter of either party, but when credit is due to your oppsition party you must bite your lip (of course in this case, careful what keys you hit) and give credit for getting the country on track for a better future. BTW I'm neither PTP or DEM, my family and I want the best for Thailand and our people.
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hillfarang
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Discussion 3 : 09 Mar 2013 at 11.243
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Hey, Englishbob, Remember your challenge? Name one thing good resulting from PT policies.

"Ratings agency Fitch Ratings announced a one-notch upgrade in Thailand's credit rating as of Friday, supported by declining policy risk, stable finances and low public debt."

I add: Check out the SET! Just the Facts.

TS also paid off the Thai debt when he was PM. Admit it, PT has been much better with money than the Dems. I'm not surprised.
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Eric
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Discussion 2 : 09 Mar 2013 at 08.002
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We have to give credit where credit due to Yingluck's government for the overall positive economy. The credit rating upgrade is an important aspect which will allow us to borrow at low interest rate and sell domestic bond without any problem. The infrastructure loan of 2 T Baht syndicated by issuing local bond is good thinking as it is denominated in local currency and not vulnerable to risky foreign exchange as happen in 1997. Infrastructure loan is good debt as it is productive. Looking at attention grappling headline news don't tell the overall economy health.
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oldairman
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Discussion 1 : 09 Mar 2013 at 07.381
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Do Fitfch really believe this drivel.
The amount of corruption of around 30%, the rice scam, the water and flood management scam and many more scams like them. The new high speed rail link and 10 new electric lines. The cost of just storing rotten rice that they cannot sell costing up to 1/2 Tr a year and they think that the government is OK. At least 2 government banks are going broke and Fitch thinks this a good country to lend money too.
All I can say is that I am glad it isn't my money.
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Fitch boosts credit rating | Bangkok Post: business