Moody’s revises outlook to positive on nine Thai banks

Moody's Investors Service said it revised its outlook on nine Thai banks to positive from stable.

The revision comes after Moody’s revised its outlook for Thailand.

The agency revised outlooks for Bangkok Bank PCL, Bank of Ayudhya, CIMB Thai Bank PCL, Export-Import Bank of Thailand, Government Housing Bank of Thailand, Kasikornbank PCL, Krung Thai Bank PCL, Siam Commercial Bank PCL and United Overseas Bank (Thai) PCL.

Moody’s retained a positive outlook for TMB Bank PCL and a stable outlook for Standard Chartered Bank (Thai) PCL.

In addition, it affirmed the long-term foreign currency senior unsecured program rating of Bangkok Bank, Export-Import Bank of Thailand, Kasikornbank, Krung Thai Bank and Siam Commercial at (P)Baa1.

Moody’s also affirmed the long-term foreign currency senior unsecured rating of the Export-Import Bank at Baa1.

The long-term foreign currency senior unsecured program rating of TMB was upgraded to (P)Baa1 from (P)Baa2.

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