Debt office touts Japanese rating as vindication
published : 12 Mar 2021 at 04:00
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Japan-based Rating and Investment Information Inc s (R&I) move to maintain Thailand s sovereign credit rating reflects confidence in the government s economic policies, says the Public Debt Management Office (PDMO).
R&I kept Thailand s sovereign credit rating at A- with a stable outlook yesterday, in support of the government s economic policy framework and the country s growth outlook, said Patricia Mongkhonvanit, director-general of PDMO.
The Japanese credit rating agency s decision is based on the government emphasising developing high value-added industries and the Eastern Economic Corridor project to stimulate economic growth and attract foreign investment inflows, said Mrs Patricia.
Credit rating firm gives Thailand A- based on govt policies thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.