Fitch Cuts Thailand Outlook to Negative on Political Uncertainty
Thailand’s economy is forecast to expand just about 2% this year.
Photographer: Valeria Mongelli/BloombergFitch Ratings downgraded Thailand’s credit rating outlook to negative from stable, citing rising risks to public finances from prolonged political uncertainty and weakening growth prospects.
The rating company affirmed the Southeast Asian nation’s long-term foreign-currency issuer default rating at “BBB+.”