Thai PM Vows Prudent Policy to Ward Off Ratings Downgrade

Thailand will take all possible measures to avert a sovereign credit rating downgrade, Prime Minister Anutin Charnvirakul said, a day after Fitch Ratings lowered the nation’s outlook citing rising risks to public finance.

“We will implement prudent economic policies to prevent any deterioration in the country’s debt burden,” Anutin told representatives of Thailand’s capital markets in Bangkok Thursday. “We will take all steps needed to avoid any further cut in the country’s credit rating.”