S&P Global Ratings has maintained Thailand’s sovereign credit rating at BBB+ with a stable outlook, reflecting confidence in the country’s economic fundamentals, policy direction and ability to withstand external shocks.
Jindarat Viriyataveekul, director-general of the Public Debt Management Office, said on Thursday the rating agency had reaffirmed Thailand’s investment-grade rating while maintaining its stable outlook.
S&P forecast Thailand’s economy would grow by 2% this year, reflecting the impact of volatility in global energy markets on domestic economic activity. However, the agency expects growth to strengthen from 2027 onwards, with an average expansion of 2.3% between 2026 and 2029.
