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Fitch: Thailand's Policy Management Central to Rating

Reuters

Link to Fitch Ratings' Report: Thailand's Sovereign Credit in Global PerspectiveHONG KONG, October 03 (Fitch) Fitch Ratings says Thailand's strong economic policy framework is an important support to the sovereign rating, which was upgraded to 'BBB+'/Stable in March. Signs of slippage in policy management could undermine the country's credit profile and market confidence at a time when Emerging Asia faces tapering of Fed stimulus and lower commodity prices stemming from China's slowdown. However, Thailand has strong buffers: a record of relatively low and stable inflation, moderate public debt and its status as an external creditor, Fitch said in a presentation at its Bangkok conference on 27 September. "Thailand's Sovereign Credit in Global Perspective" - an abridged version of a presentation on Thailand's sovereign credit at the event - is available from www.fitchresearch.com or by clicking on the link above. Contact: Andrew Colquhoun Senior Director +852 2263 9938 Fitch Ratings 28th Floor, Tower Two, Lippo Centre 89 Queensway, Hong Kong Anna Thung Associate Director +852 2263 9921 Media Relations: Leslie Tan, Singapore, Tel: +65 67 96 7234, Email: leslie.tan@fitchratings.com; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available at www.fitchratings.com. ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.