Fitch Ratings has raised its credit rating on Thailand, citing a resilient economy and a more stable political environment.
The country's long-term foreign currency-denominated debt was raised one level to BBB+ from BBB, Fitch said in a statement on Friday.
The new rating is in line with the ratings assigned by the two larger US-based ratings agencies, Standard & Poor's and Moody's Investors Service. The outlook on the rating is stable.
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