Thailand Credit Ratings & Outlooks

Land
Moody's
S&P
Fitch
DBRS
Scope Ratings
Thailand
Baa1
Negative
BBB+
Stable
BBB+
Negative
NR
NR

Rating-Historie

Land
Date of Change
Ratingagentur
Vorheriges Rating
Vorheriger Ausblick
Aktuelles Rating
Current Outlook
Thailand
Sep. 24, 2025FitchBBB+StableBBB+Negative
Thailand
Apr. 29, 2025Moody'sBaa1StableBaa1Negative
Thailand
Apr. 21, 2020Moody'sBaa1PositiveBaa1Stable
Thailand
Apr. 13, 2020S&PBBB+PositiveBBB+Stable
Thailand
März 17, 2020FitchBBB+PositiveBBB+Stable
Thailand
Dez. 11, 2019S&PBBB+StableBBB+Positive
Thailand
Juli 25, 2019Moody'sBaa1StableBaa1Positive
Thailand
Juli 18, 2019FitchBBB+StableBBB+Positive
Thailand
März 08, 2013FitchBBBStableBBB+Stable
Thailand
Dez. 09, 2010S&PBBB+NegativeBBB+Stable
Thailand
Okt. 28, 2010Moody'sBaa1NegativeBaa1Stable
Thailand
Apr. 16, 2009FitchBBB+NegativeBBBStable
Thailand
Dez. 04, 2008Moody'sBaa1StableBaa1Negative
Thailand
Dez. 01, 2008FitchBBB+Negative WatchBBB+Negative
Thailand
Dez. 01, 2008S&PBBB+StableBBB+Negative
Thailand
Okt. 31, 2006S&PBBB+Negative WatchBBB+Stable
Thailand
Sep. 19, 2006FitchBBB+StableBBB+Negative Watch
Thailand
Sep. 19, 2006S&PBBB+StableBBB+Negative Watch
Thailand
Mai 11, 2005FitchBBBPositiveBBB+Stable
Thailand
Aug. 26, 2004S&PBBBPositiveBBB+Stable

Table Key

BewertungMoody'sS&PFitchDBRSScope Ratings
Prime (Triple A)
Aaa
AAA
AAA
AAA
AAA
High Grade
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Upper Medium Grade
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Lower Medium Grade
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Non-Investment Grade Speculative
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
Im Verzug mit wenig Aussicht auf Wiedergewinn
CD
RD
RD
In Verzug
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Nicht bewertet
NR
NR
NR
NR
NR
FAQ
Thailand’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Thailand’s credit risk.
This page lists the latest rating and outlook actions for Thailand, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Thailand's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Thailand ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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