Calls for efforts to prevent rating cuts for Thailand

TCC chairman Sanan Angubolkul said to prevent the credit rating from being slashed, the government must implement measures to bolster the economic strength in two areas. — Bloomberg

BANGKOK: Concerned by Siam Commercial Bank Economic Intelligence Centre’s (SCB EIC) forecast that Thailand’s credit rating could be reduced from its current BBB+ level, the Thai Chamber of Commerce (TCC) has urged the government to urgently implement measures to strengthen the country’s economy.

SCB EIC said last week that Thailand is displaying three weaknesses that could lead to rating cuts.