Thai PM Vows Prudent Policy to Ward Off Ratings Downgrade

Thai Prime Minister Anutin Charnvirakul has vowed to take prudent measures to avoid a sovereign credit rating downgrade. This comes after Fitch Ratings lowered Thailand's outlook, citing concerns over the country's public finance risks. The Prime Minister stated that Thailand will take all necessary steps to prevent a rating downgrade. Fitch's decision was based on the rising fiscal challenges faced by the nation, including increasing public debt levels and the potential for slower economic recovery. The government is committed to implementing fiscally responsible policies to address these concerns and maintain Thailand's creditworthiness. This includes carefully managing public spending and debt levels to ensure the country's financial stability. The Prime Minister's pledge to adopt a prudent policy approach aims to reassure investors and credit rating agencies that Thailand is taking proactive measures to mitigate the risks and maintain its economic resilience.