Moody’s Upgrades Thailand’s Rating Outlook to “Positive” for the First Time in 13 Years!
Moody's, the global capital markets that incorporate credit ratings, had upgraded Thailand's rating outlook from “stable” to “positive,” giving Baa1 ratings.
Moody’s, the global capital markets that incorporates credit ratings, had upgraded Thailand’s rating outlook from “stable” to “positive” by affirming Baa1 ratings. The upgrade was the first time in 13 years.
Meanwhile, Fitch long-term issuer default rating – for a range of business sectors – also had a positive outlook, giving a rating at BBB+. S&P gave a BBB+ rating with a stable outlook on long-term foreign currency debt.
SET closed the trading session on July 25, 2019, at 1,730.90 points, increased 5.46 points or 0.32% with a trading value of THB 58.95 billion.
