Fitch raises Thailand outlook to stable; cites debt/GDP confidence
Fitch Ratings upgraded Thailand’s outlook to stable, citing increased confidence that the government’s debt/GDP ratio will improve over the medium term. After a negative outlook revision last September, Fitch had forecast general government debt stabilizing just below 65% of GDP.
Fitch Ratings raised Thailand’s outlook to stable, citing greater confidence that the government’s debt-to-GDP ratio will remain manageable over the medium term. When Fitch cut Thailand’s outlook to negative last September, it expected general government debt to stabilize at just below 65% of GDP. Fitch now says it…