Moody's: Bank of Thailand view to negative

Moody's Investors Service said it corrected the outlook on the Bank of Thailand's Baa1 ratings to negative from stable, aligning the outlook with that of the Government of Thailand's outlook, which was changed to negative from stable in December 2008.

Moody's said that Thailand and the bank share same the fundamental credit strengths, and therefore the bond ratings and outlook are the same.

Due to an administrative error, the change in outlook of the bank was inadvertently omitted from the most recent rating action relating to Thailand, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.