Kobsak Pootrakool, director and senior executive vice-president at Bangkok Bank, said in a Facebook post on Wednesday Moody's Investors Service revised Thailand's outlook from stable to negative, the first step in a potential credit rating adjustment and possibly leading to a future downgrade. To avoid such a downgrade, he said the Thai government must prepare the economy to withstand global headwinds, particularly US President Donald Trump's tariff schemes and the potential resurgence of protectionist policies. When S&P downgraded the Thai outlook on April 13, 2020 from positive to stable, the SET index rose 2.3%, and as Moody's lowered the outlook from positive to stable on April 21 of the same year, the Thai index shed only 0.34%.
Author: Somruedi Banchongduang, Wichit Chantanusornsiri and Nareerat Wiriyapong
Published at: 2025-04-30 22:07:00
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