Moody's affirms Export-Import Bank of Thailand

Moody's Investors Service said it affirmed the foreign currency issuer rating of the Export-Import Bank of Thailand at Baa1.

The outlook is stable.

Moody's said the rating benefits from (a) high support and very high dependence factors due to its full government ownership; (b) its important policy role in providing financial services to support local companies in their overseas ventures; (c) Thailand's notable track record of supporting financial institutions; and (d) prospects for further improvement to its stand-alone credit assessment.

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