Article & Research

30-04-2021

HOTEL INDUSTRY

Thailand has long been known as one of the world's top tourist destinations. The tourism industry is one of the most important economic sectors in Thailand.

25-02-2021

Emerging from the Ravages of COVID-19: Thai Economic Outlook 2021

TRIS Rating forecasts Thailand’s annual GDP growth to be 2.6% in 2021.

25-02-2021

PROPERTY INDUSTRY (HOMEBUILDER AND REAL ESTATE DEVELOPER)

TRIS Rating expects demand for residential properties in 2021 to grow slightly from last year.

22-02-2021

FINANCIAL INSTITUTIONS (NON-BANK FINANCIAL INSTITUTIONS)

Our rating actions on NBFIs in 2020 were mainly the result of a deterioration in operating performance over recent years or a material change in shareholding structure, rather than as a direct impact of COVID-19.

22-02-2021

FINANCIAL INSTITUTIONS (BANKS)

The Coronavirus (COVID-19) pandemic has had varying impacts on different types of financial institutions (FIs).

03-12-2020

SUGAR INDUSTRY

TRIS Rating holds a “negative” outlook for sugar industry in Thailand.

01-12-2020

INDUSTRIAL ESTATE INDUSTRY

TRIS Rating holds a neutral outlook for the industrial estate industry in Thailand.

20-11-2020

NATURAL RUBBER PROCESSING INDUSTRY

TRIS Rating holds a “neutral” outlook for the natural rubber (NR) processing industry in Thailand during 2020-2021.

20-07-2020

Myanmar in Focus

Myanmar is the latest new frontier economy in Southeast Asia that is becoming increasingly integrated with the global economy.

07-05-2020

AVIATION INDUSTRY

The coronavirus (COVID-19) pandemic, occurring since November 2019 until now, has caused a severe shock to the global aviation industry.

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Country in Focus: Thailand

Thai economic growth could slow to 1.8% in 2025 from US tariffs fallout. US tariffs would directly impact the Thai economy through a deteriorating trade balance. Indirect impacts could include fewer international tourists especially from China, delays in private investment, and dampened private consumption.

Regulated Power

TRIS Rating maintains a "stable" credit outlook for Thailand’s regulated power industry. The US reciprocal tariff is expected to have a milder impact on power operators compared to other industries. Thailand’s power demand is projected to remain steady, supported by growth in S-curve industries and increasing EV adoption. However, smaller operators will be under closer monitoring regarding liquidity and refinancing capabilities.