Thailand Raised by Fitch on Yingluck Stability: Southeast Asia

Thailand’s credit rating was restored to BBB+ by Fitch Ratings four years after political turmoil prompted a cut, signaling confidence in Prime Minister Yingluck Shinawatra’s ability to maintain social stability.

The long-term foreign currency-denominated debt was raised one step by Fitch to three levels above junk on March 8, bringing the rating back in line with rankings by Standard & Poor’s and Moody’s Investors Service. The outlook is stable.