Andy Mukherjee, Columnist

Hidden Rot Under Thailand's Calm

A debt overhang at the owner of coffee chain Dean & DeLuca points to hidden risks for banks.

September 3, 2017 at 11:00 PM UTC

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

THAILAND-ECONOMY — Photographer: Lillian Suwanrumpha/AFP/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Perspective can be a key factor in assessing Thailand: The bird gets a very different view from the worm.

Moody's Investors Service is swooping in from above. On Friday, it affirmed the country's Baa1 rating -- two rungs higher than Indonesia and India -- and said it expects Thailand to post its best GDP growth for five years in 2017. Easing of political uncertainty, the agency says, will aid "the current cyclical recovery, spurred by stronger exports."