Office sees little impact from outlook demotion

Quick Summary:

Moody's downgrade of Thailand's outlook from stable to negative is unlikely to affect the country's financial or capital markets, says the chief of the Public Debt Management Office (PDMO).

On the contrary, the government's auction of 50-year bonds on April 29, worth 7 billion baht, saw demand exceed supply by 2.18 times -- equivalent to about 15 billion baht.

However, if GDP growth this year slows to 2%, the public debt-to-GDP ratio could reach 70%, the upper limit set for 2027.If growth slows to 1.5%, the ratio may slightly exceed 70%, though it would still remain manageable, he said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Moody Fiscal Year Baht Government Downgrade Billion Outlook Thailand Bonds Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 03:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 28304756

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