Moody's maintains Thailand's credit rating, projects GDP growth for 2021 at 2 per cent

Moody's reiterated that the reemergence of political turmoil in Thailand could potentially dim its attractiveness as a destination for foreign direct investment. - Reuters

BANGKOK (Xinhua): Global credit rating agency Moody's on Tuesday (Aug 24) maintained Thailand's credit rating at Baa1 with stable outlook, saying that the country still has sufficient economic activity to balance the current challenges of Covid-19.

According to Patricia Mongkolvanich, director of the Public Debt Management Office of the Ministry of Finance, the rating decision was strongly influenced by solid industry activities, especially in the automotive and electronic sector, and the country's well-known role as a leading hub for agriculture and tourism.