Thai rating not under threat

BANGKOK: Thailand’s credit rating is not in danger of being downgraded because of its rice intervention scheme, rating agency Moody’s said, after it warned this week that losses from the scheme might threaten the goal of a balanced budget.

“The rating is not under threat. If you look at the credit analysis that we published in late April, there are a lot of factors that support the rating at the current level of Baa1, and that’s also why we have a stable outlook,” Moody’s sovereign risk analyst Steffen Dyck told Reuters. — Reuters