Markets shrug off Moody's | Bangkok Post: business

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Markets shrug off Moody's

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Thailand has become so accustomed to turmoil since the 2006 coup that current political tensions are unlikely to do serious harm to the country's credit rating, says Moody's Investors Service. 

Moody's on Friday affirmed the government bond rating at Baa1 with a stable outlook, though it cautioned that the outlook could change if political strife dragged on into the second half of the year.

"Moody's does not expect the recent political developments to have a significant impact on Thailand's medium-term growth outlook, which remains favourable when compared to similar-rated peers," it said.

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