BANGKOK: Thailand’s public finances are under growing strain as the country faces the twin pressures of chronic fiscal deficits and sluggish economic growth, raising concerns about a potential downgrade in its sovereign credit rating.
Amonthep Chawla, Executive Vice President at CIMB Thai Bank, said the risk is real, noting that Moody’s has already revised Thailand’s outlook from “stable” to “negative”. He added that other agencies, such as Fitch and S&P, could follow suit in the near future.
