The government spokesperson explained that Moody’s views Thailand positively with a stable outlook, which benefits the Thai economy by increasing confidence in financial institutions and enhancing the country's competitiveness. The government reiterates its commitment to maintaining fiscal discipline.
On 24 April 2026 GMT+7, Ms. Ratchada Thanadirek, spokesperson for the Office of the Prime Minister, stated that Moody’s decision to revise Thailand’s credit outlook from "negative" to "stable" while maintaining the Sovereign Credit Rating at Baa1 reflects an improved balance of risks to the Thai economy and confidence in the government’s economic policies.
The first concrete positive effect is a likely reduction in borrowing costs for both the public and private sectors, as lower risk assessments enable more efficient fundraising to develop infrastructure and drive economic growth.
Secondly, Moody’s improved outlook boosts confidence in financial institutions, strengthening their ability to expand business, innovate, and enhance national competitiveness. This also opens opportunities for entrepreneurs, especially small and medium-sized enterprises (SMEs), to access funding at reasonable interest rates. Additionally, it is expected to help attract large institutional investors, positively impacting capital flows and the stability of Thailand’s financial markets going forward.
Finally, these benefits will directly reach the public through increased employment as businesses invest and expand, creating jobs, generating income, and improving overall quality of life for the population.
The government spokesperson emphasized that the administration will continue to uphold fiscal discipline alongside prudent economic policies to maintain ongoing confidence and turn global opportunities into tangible benefits for all citizens. Regarding the government’s plan to issue a borrowing decree, foreign financial institutions and credit rating agencies understand and acknowledge its necessity.
“The current situation is not normal. We need new capital to create new opportunities for the country. We will not let the people face this alone, and every baht of this fund will be accountable, with a clear revenue plan to repay the treasury. The government will ensure full transparency, delivering results to the people with accountability.”