The government announced that three global rating agencies have assigned Thailand a "stable" outlook, reflecting confidence in the country's economic and political stability under the leadership of Anutin, advancing investment, employment, and citizens' income.
19 Sep 2026 GMT+7 Ms. Lalida Pertvivattana, Deputy Spokesperson of the Prime Minister's Office, revealed that the government welcomes Fitch Ratings' revision of Thailand's credit outlook from "Negative" to "Stable," while maintaining the country's BBB+ credit rating, effective from 18 Sep 2026. This reflects an improved view of political stability, medium-term public debt prospects, and policy continuity in Thailand.
This revision means all three major global credit rating agencies—Fitch Ratings, Moody’s Ratings, and S&P Global Ratings—now assign Thailand a "Stable" outlook. Moody’s revised Thailand's outlook to Stable and maintained the Baa1 rating in April 2026, while S&P kept Thailand's long-term foreign currency rating at BBB+ with a Stable outlook.
Ms. Lalida added that one key factor Fitch cited in revising Thailand's outlook is "improved political stability." Fitch views the coalition government led by Prime Minister and Minister of Interior Anutin Charnvirakul as more stable than many previous administrations, enabling policy implementation within a clearer medium-term framework, including fiscal consolidation efforts.
"Fitch sees this increased government stability as crucial for economic confidence because reduced uncertainty allows for more consistent and predictable medium-term policies in economic management, fiscal discipline, and fostering an environment conducive to investment decisions."
The Deputy Government Spokesperson further revealed that the Stable outlook from all three global rating agencies signals positive confidence in the country. The government will use this momentum to maintain policy continuity, uphold fiscal discipline, and accelerate economic opportunities to translate foreign confidence into investment, employment, and income for the people.
Regarding economic prospects, Fitch forecasts Thailand's economy will grow 2.3% in 2026, close to the 2.4% growth in 2025, supported by investments related to artificial intelligence (AI) and domestic consumption.
At the same time, Fitch improved its projection for Thailand's public debt outlook, expecting it to stabilize below 63% of GDP by fiscal year 2028, down from a previous estimate near 65%, reflecting improved fiscal outlook compared to earlier assessments.
Additionally, Thailand's strengths include its foreign financial position. Fitch expects the current account balance to return to a surplus of 1.5% of GDP by 2027. Most public debt is issued in Thai baht domestically at low borrowing costs, reducing risks from exchange rate fluctuations and global financial market volatility.
Ms. Lalida concluded that the government will continue to build on this confidence to attract new investments, especially in future industries such as AI, data centers, advanced technology industries, and clean energy, while promoting investments linked to Thai entrepreneurs, workforce skill development, and quality job creation, ensuring broad economic benefits.
"The government's goal is not only to maintain the credit rating or a Stable Outlook but to convert this confidence into real investments, real jobs, and increased income for the people, while balancing economic growth with fiscal discipline to build a strong, competitive, and sustainably growing Thai economy in the long term."