Public debt up 0.5% in February
Thailand’s public debt outstanding as of February 28 was Bt6.09 trillion, up Bt30.58 billion or 0.5 per cent from January 31, while the Japan Credit Rating Agency has maintained Thailand’s credit-rating ceiling at “A+” with “stable” outlook, the Finance Ministry’s Public Debt Management Office reported on April 12. The JCR also put the Thai government’s foreign-currency long-term issuer rating at “A-” and “stable”, while the government’s local-currency long-term issuer rating was “A” and “stable” as of April 3. The JCR said it maintained the country’s ceiling rating at “A+” based on its analysis that Thailand’s economy has continued to grow after exports improved, while the financial sector, especially banks, has continued to report healthy financial results.
