After credit rating, panel calls for economic stability

The reaffirmation of Thailand's credit rating should strengthen investor confidence and support continued capital inflows into the Thai bourse, says Mr Asadej.

The private sector is urging the government to maintain Thailand's economic stability following S&P Global Ratings' reaffirmation of the country's sovereign credit rating.The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) called on the government to implement targeted policies while maintaining strict fiscal discipline to sustain the stability and resilience of the Thai economy.

S&P's latest decision to affirm Thailand's sovereign credit rating at BBB+ with a stable outlook follows Moody's recent reaffirmation of the country's rating at Baa1 with a stable outlook. These assessments reflect international investors' confidence in Thailand's ability to manage its macroeconomic and fiscal policies prudently.

Thailand's consistently strong external financial position provides a solid buffer against global economic shocks, geopolitical uncertainties and major shifts in the trade landscape.

"The JSCCIB believes the confirmation from these agencies demonstrates Thailand's economic fundamentals remain strong and stable," said the panel.