{"id":41185,"date":"2025-09-24T19:09:11","date_gmt":"2025-09-24T19:09:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/41185\/"},"modified":"2025-09-24T19:09:11","modified_gmt":"2025-09-24T19:09:11","slug":"fitch-ratings-puts-thailand-on-negative-outlook-citing-political-and-fiscal-risks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/41185\/","title":{"rendered":"Fitch Ratings Puts Thailand on &#8216;Negative&#8217; Outlook, Citing Political and Fiscal Risks"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>Global credit rating agency Fitch Ratings has revised its outlook on Thailand\u2019s Long-Term Foreign-Currency Issuer Default Rating (IDR) to \u2018Negative\u2019 from \u2018Stable\u2019, citing a combination of political instability, fiscal deterioration and sluggish economic growth.<\/p>\n<p>\u00a0<\/p>\n<p>The country\u2019s overall credit rating remains at \u2018BBB+\u2019.<\/p>\n<p>\u00a0<\/p>\n<p>According to Fitch, Thailand&#8217;s public debt has risen steadily, now standing at 59.4% of GDP. This figure is close to the average for &#8216;BBB&#8217; rated nations and marks a 25% increase since before the COVID-19 pandemic.<\/p>\n<p>\u00a0<\/p>\n<p>The agency highlighted political uncertainty as a key factor.<\/p>\n<p>\u00a0<\/p>\n<p>The recent removal of Prime Minister Paetongtarn Shinawatra has led to the need for a new government and a snap election expected within the next four months.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>This has created concerns about the continuity of national policy and administration.<\/p>\n<p>\u00a0<\/p>\n<p>Fitch\u2019s forecast for Thailand\u2019s economy is a modest 2.2% growth in 2025 and 1.9% in 2026, both of which are below the 2.7% average for other &#8216;BBB&#8217; rated countries.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The report notes that the tourism and export sectors have yet to fully recover, contributing to the weak outlook.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Global credit rating agency Fitch Ratings has revised its outlook on Thailand\u2019s Long-Term Foreign-Currency Issuer Default Rating&hellip;\n","protected":false},"author":2,"featured_media":41186,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,31079,31082,113,31080,61,60,1667,31081],"class_list":["post-41185","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-credit-rating","tag-economic-outlook","tag-economy","tag-fitch-rating","tag-ie","tag-ireland","tag-thailand","tag-thailand-economic-growth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/41185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=41185"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/41185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/41186"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=41185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=41185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=41185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}