Brokers fear sovereign downgrade | Bangkok Post: business

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Brokers fear sovereign downgrade

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The securities industry has expressed worries over the effect of the rice-pledging scheme on Thailand's sovereign ratings, saying the country is at great risk of a downgrade. 

They have become especially wary after the government shrugged off criticism by academics and the International Monetary Fund (IMF).

Pattera Dilokrungthirapop, chairwoman of the Association of Securities Companies, said a downgrade would significantly push up financial costs in the private sector.

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