Downgrade possible, says KBank | Bangkok Post: business

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Downgrade possible, says KBank

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Thailand's credit outlook is at risk of being cut to negative from stable by three large international credit rating agencies by the third quarter due to the protracted political chaos, says a senior executive at Kasikornbank (KBank). 

If there still is no functioning government by July as expected, the big three credit rating companies — Moody's Investors Service, Standard & Poor's and Fitch Ratings — will likely trim Thailand's credit outlook to negative, while the country's sovereign credit ratings are expected to remain unchanged, said Kobsit Silpachai, KBank's head of capital market research.

Seasonal ratings are often reviewed in the third quarter.

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