S&P Affirms Thailand at BBB+ as 2026 Growth Slows to 2%
Updated
Updated · Xinhua · Jun 18
S&P Affirms Thailand at BBB+ as 2026 Growth Slows to 2%
3 articles · Updated · Xinhua · Jun 18
Summary
Thailand kept its BBB+ sovereign rating with a stable outlook after S&P cited confidence in the country's economic fundamentals and policy direction.
S&P forecast 2026 growth at 2%, saying volatility in global energy markets has weighed on domestic activity.
From 2027, the agency expects a recovery, with growth averaging 2.3% over 2026-2029 as political stability supports policy continuity.
State enterprise investment, public-private partnerships and tourism are expected to bolster competitiveness, with government measures aimed at strengthening the sector and higher-value domestic travel.