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Tuesday, 18 September 2012 11:09

Fitch Affirms Thailand’s Corporate Strength

USA-Fitch-Ratings

Fitch Ratings (Thailand) expects further stabilisation of the ratings of Thai corporate bond issuers, as gross domestic product is expected to show a growth rate of 5.5 per cent this year, driven by reconstruction spending, a rebound in manufacturing and government spending.

In its report "Fitch Thailand National Ratings 2011 Transition Study", the agency said that last year, 88 per cent of its corporate ratings were unchanged, with the remainder being more upgrades than downgrades.

Published in Financial News
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