S&P credit rating cheers govt

The government yesterday welcomed the latest assessment by global credit rating agency S&P Global Ratings, stating that the rating reflected confidence in the country's economic management.

- ANUCHA CHAROENPO

S&P on Monday affirmed Thailand's credit rating at BBB+ and retained its stable outlook for the country.

The agency projected Thailand's GDP growth at 2.3% in 2025 and 2.6% in 2026 despite external risks, particularly the US trade tariffs. Over the 2025-28 period, average annual GDP growth was forecast at 2.8%. Per capita income was expected to increase from US$7,500 to US$8,100 this year, partly due to a stronger baht.

In response to S&P, government spokesman Jirayu Houngsub stated that the rating and outlook demonstrated the trust of investors and analysts in the government's direction and initiatives.