Political impasse may impact Thailand’s credit ratings

Thailand News Breaking News

Thailand News Breaking News. Image: TN.

BANGKOK, Apr 9 – A leading banker today expressed concern that possible moves by three global rating agencies to lower Thailand’s credit ratings will impact the operations of public and private sectors.

Kasikornbank president Predee Daochai referred to reviews of Thailand’s economic performance by Fitch Ratings, Moody’s and Standard & Poor’s amid speculations that the three agencies will adjust the country’s ratings given the prolonged political impasse which has shaken the economy.

Read more: MCOT

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