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Thailand Challenges Moody's Negative Rating Outlook Decision
Thailand disputes Moody's rationale for downgrading its rating outlook, citing ongoing trade negotiations with the US and economic growth.
Thailand's government has criticized ratings agency Moody's for changing the country's rating outlook to negative from stable.
According to a statement released on Wednesday by the Thai authorities, the decision came prematurely as discussions over trade agreements with the United States are still ongoing.
Despite concerns raised by Moody's regarding economic risks and potential impacts of US tariffs, Thailand insists that the economy is showing signs of growth.
The government has announced plans to implement further economic stimulus measures in an effort to boost growth during the second half of 2025.
Moody's expressed concern over the uncertain outcome of additional US tariffs being imposed on countries including Thailand after a temporary pause ends in July, warning that such developments could negatively affect both global trade and Thailand's economic growth.
The agency highlighted the sluggish recovery of Thailand's economy following the COVID-19 pandemic, suggesting that the proposed shock from tariffs could further exacerbate the country's potential growth decline.
According to a statement released on Wednesday by the Thai authorities, the decision came prematurely as discussions over trade agreements with the United States are still ongoing.
Despite concerns raised by Moody's regarding economic risks and potential impacts of US tariffs, Thailand insists that the economy is showing signs of growth.
The government has announced plans to implement further economic stimulus measures in an effort to boost growth during the second half of 2025.
Moody's expressed concern over the uncertain outcome of additional US tariffs being imposed on countries including Thailand after a temporary pause ends in July, warning that such developments could negatively affect both global trade and Thailand's economic growth.
The agency highlighted the sluggish recovery of Thailand's economy following the COVID-19 pandemic, suggesting that the proposed shock from tariffs could further exacerbate the country's potential growth decline.
