KBANK Thailand’s fiscal position poses a risk to a potential credit rating review and efforts needed to accelerate the reduction in fiscal deficit along with structural economic reforms, says KResearch

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Mitihoon – Ms. Nattaporn Triratanasirikul (center), KResearch Deputy Managing Director, together with Dr. Lalita Thienprasiddhi (left), KResearch Head – Research, and Ms. Palitchaya Ritsuk (right), KResearch Researcher, announced the view that the recent revision of Thailand’s credit rating outlook by a credit rating agency from “Stable” to “Negative”, while affirming the credit rating at BBB+ reflects growing concerns over Thailand’s continuously weakening fiscal position following the COVID-19 crisis. This could become a key factor leading to a potential downgrade in Thailand’s credit rating within the next 1–2 years. Lessons from other countries suggest that a concrete reduction in the fiscal deficit is necessary. The event was held recently at KASIKORNBANK, Phahon Yothin Head Office.

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