US credit rating agency Standard & Poor’s (S&P) maintained Thailand’s existing credit rating at BBB+ and forecasted a stable outlook for the country going forward.
The senior director of sovereign ratings at S&P, Tan Kim Eng, did however raise concern over the specter of high public debt down the road. According to reporting from the Bangkok Post, he attributed this mainly to costly policies like the rice pledging scheme and the recent call for a THB2.2 trillion investment in transportation infrastructure development.
In spite of this, S&P maintains that economic fundamentals remain solid and the country continues to act as a magnet for foreign investment inflows.
