Japan Credit Rating Agency lowers Thai outlook to negative | Bangkok Post: business

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JCR affirms ratings on Thai bonds

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The Japan Credit Rating Agency (JCR) has affirmed Thailand's foreign currency long-term senior debt raiting at A-, and local currency long-term senior debts at A, but has lowered its outlook for Thailand from stable to negative. 

The agency said the Thai economy slowed down to 2.9% in 2013 from 6.5% in 2012, but the Thai government still has a comparatively sound fiscal position coupled with stability in the banking system and a comparatively strong external balance, so it is less likely that Thailand will fall into a financial crisis or a foreign currency liquidity crisis.

It was of the view the protracted political and social unrest in Thailand stems from deep rooted and complicated internal issues, the statement said.

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