ID :
115866
Sat, 04/10/2010 - 12:17
Auther :
Shortlink :
http://m.oananews.org//node/115866
The shortlink copeid
Thailand’s sovereign rating set to be upgraded if political tension eases
BANGKOK, April 10 (TNA) – Thailand’s sovereign position is likely to be upgraded to A- or A+ from the existing BBB+ level if the current political turmoil ends, according to the Public Debt Management Office director-general Chakkrit Parapuntakul.
He said the world leading rating agency Moody’s Investors Service would send its officials to assess the overall Thai economy.
The office is ready to give the officials an explanation and additional information about improving economic conditions of Thailand upon the increasing exports and the global economic recovery.
“All key economic factors in Thailand have improved markedly, but the ongoing political standoff is an only factor affecting the economic growth,” he said.
Mr Chakkrit also revealed that the consumer confidence index on the overall economy in March 2010 dropped for the second consecutive month to 69.8 from 70.9 in the previous month due mainly to mounting concerns over the political tension since the middle of March, higher living costs and prices related to the fuel price hike, and continued suspension of investments in the Map Ta Phut Industrial Estate.
The continued decline was in line with the confidence index on future incomes, which fell in the second consecutive month to 93.5 from 94.7 the month before as well, he said. (TNA)
He said the world leading rating agency Moody’s Investors Service would send its officials to assess the overall Thai economy.
The office is ready to give the officials an explanation and additional information about improving economic conditions of Thailand upon the increasing exports and the global economic recovery.
“All key economic factors in Thailand have improved markedly, but the ongoing political standoff is an only factor affecting the economic growth,” he said.
Mr Chakkrit also revealed that the consumer confidence index on the overall economy in March 2010 dropped for the second consecutive month to 69.8 from 70.9 in the previous month due mainly to mounting concerns over the political tension since the middle of March, higher living costs and prices related to the fuel price hike, and continued suspension of investments in the Map Ta Phut Industrial Estate.
The continued decline was in line with the confidence index on future incomes, which fell in the second consecutive month to 93.5 from 94.7 the month before as well, he said. (TNA)
