Bangkok, A government spokesperson revealed that RandI is confident in the government's work to maintain Thailand's credit rating at A- and maintains the view that Thailand's creditworthiness is at a stable level.

Mr. Chai Watcharong, spokesman for the Prime Minister's Office, revealed that Rating and Investment Information, Inc. (RandI) maintained Thailand's Sovereign Credit Rating at A- and maintained its view of Thailand's creditworthiness at an acceptable level. Stability (Stable Outlook)

A spokesman for the Prime Minister's Office said that Rating and Investment Information, Inc. (RandI), a leading credit rating company in Japan, Rating the creditworthiness of debt instruments and debt issuers both in Japan and abroad It has maintained Thailand's credit rating at A- and maintained its view of Thailand's creditworthiness at a stable level. (https://www.ri.co.jp/en/news_release_cfp/2023/12/news_release_cfp_20231221_21207_eng.pdf)

The company reasons that 'the Thai economy is recovering mainly from private consumption and the tourism sector. In addition, foreign direct investment (FDI), especially in the industrial sector. Electrical equipment production Electronics and automobiles It is an important basic factor of the Thai economy. The government has various proactive measures to support the development of key industries in the Eastern Economic Corridor (EEC) and create economic infrastructure and business environment. to attract foreign investment as well as creating economic growth of the country in the medium to long term. While the export sector has slowed in line with the global economic situation and although the fiscal deficit remains at a level that is somewhat higher than before the COVID-19 outbreak, RandI believes that the government will still be able to Manage the public debt burden to an appropriate level in accordance with the State Fiscal Discipline Act 2018 and still have remaining fiscal space to support fiscal policy implementation. The foreign financial sector is strong, with the current account balance expected to return to surplus in 2023. and international reserves remain high.

'The government of Mr. Settha Thavisin, Prime Minister and Minister of Finance Still moving forward to solve the problem Carry out appropriate monetary and fiscal policies consistent with economic conditions. and under the rules Including preparing measures to deal with the effects of geopolitical conflict situations. that may affect the economy in various aspects The Prime Minister has developed and promoted factors in the country suitable to support investment. and continue to build confidence, meet and talk, and invite important investors from around the world to invest in Thailand. It is believed that by working in a systematic manner with this process, we still maintain confidence that the government can proceed. Manage various factors appropriately,' Mr. Chai said.

Source: Thai News Agency