Fitch Ratings service announced it has cut Thailand’s sovereign credit ratings from BBB+ to BBB and will likely negatively impact Thailand investment according to AP.
The ratings downgrade is clearly in reaction to the continued political turmoil that has caused the current Thai government to declare a state of emergency in the capital of Bangkok earlier this month.
The impact on Thailand investment may result in higher borrowing cost by Thai companies and a demand for higher interest payments by investors of Thai government bonds.
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