Moody’s Lifts Thai Outlook to Stable on Easing Tariff Shocks (1)

Moody’s Ratings upgraded Thailand’s credit outlook to stable from negative, citing easing downside risks from US tariffs and improved domestic investment momentum. The sovereign rating was affirmed at Baa1.

The change reflects assessment that downside risks from a severe and prolonged tariff shock have diminished after US duties on Thai exports were reduced to levels broadly in line with regional peers, Moody’s said in a statement Tuesday. While higher oil prices linked to the Middle East tensions may weigh on growth and public debt, Thailand’s exposure remains comparable to similarly rated economies, it said.

Only a year ago, the rating ...