BANGKOK, July 26 (TNA) — Moody’s Investors Service has raised the credit rating outlook of Thailand from “stable” to “positive” on improving investment.
Poomsak Aranyakasemsuk, director-general of the Public Debt Management Office, said Moody’s gave the credit rating outlook on July 25.
That resulted from the maintained stability of the country’s macroeconomy, government investment, and human resources development that could enhance national competitiveness, he said. He mentioned the government’s plan to invest US$50 billion in the Eastern Economic Corridor and 2.76 trillion baht in transport development projects.
Moody’s expected the Thai economy to grow by 3.0-3.5% this year and next year. However, it is monitoring political situations, workers’ skills and the ageing society of the country that can affect its credit rating. (TNA)
