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Fitch Raises Thailand Credit Rating on Resilient Economic Growth

Fitch Ratings raised its credit rating on Thailand, citing a resilient economy and a more stable political environment.

The nation’s long-term foreign currency-denominated debt was raised one level to BBB+ from BBB, Fitch said in a statement today. That’s three levels above junk and brings it in line with Standard & Poor’s and Moody’s Investors Service ranking of the nation. The outlook on the rating is stable.