Standard & Poor's Ratings Services has affirmed its BBB+ long-term and A-2 short-term foreign currency sovereign credit ratings for Thailand. It also gave A- long-term and A-2 short-term local currency ratings. The outlook for long-term ratings is stable.
The agency warned of a rating risk "if political and institutional stability deteriorates beyond what we have observed in the past seven years".
"We may also lower the ratings if the country's fiscal or economic indicators weaken significantly," it said.
"On the other hand, if leaders across Thailand's political spectrum achieve greater harmony, we believe economic growth prospects would improve."