Trends in Thailand’s bond market under the spotlight at joint Credit Rating Agency conference

You can download our slides and publication via the links below:

Speech and publication:

BOT Governor Speech

2018 Could Be A Turning Point For Thailand's Bank Credit Downcycle

Presentation slides:

Credit Overview Of Thai Corporates And Banks Among Peers - Financial Institutions

Credit Overview Of Thai Corporates And Banks Among Peers - Corporate Ratings

Thai Bond Market, Outlook and Trend

Macroeconomic Outlook For Thailand And Its Continental Neighbors

Sovereign Rating Outlook For Thailand And Southeast Asia

You may also refer to our press release in English and Thai language for more information about the event.

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.