Thaïlande Credit Ratings & Outlooks

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

Historique des cotes de crédit

Pays	Date of Change	Agence de notation	Cote précédente	Outlook précédent	Cote actuelle	Current Outlook
Thaïlande	sept. 24, 2025	Fitch	BBB+	Stable	BBB+	Negative
Thaïlande	avr. 29, 2025	Moody's	Baa1	Stable	Baa1	Negative
Thaïlande	avr. 21, 2020	Moody's	Baa1	Positive	Baa1	Stable
Thaïlande	avr. 13, 2020	S&P	BBB+	Positive	BBB+	Stable
Thaïlande	mars 17, 2020	Fitch	BBB+	Positive	BBB+	Stable
Thaïlande	déc. 11, 2019	S&P	BBB+	Stable	BBB+	Positive
Thaïlande	juil. 25, 2019	Moody's	Baa1	Stable	Baa1	Positive
Thaïlande	juil. 18, 2019	Fitch	BBB+	Stable	BBB+	Positive
Thaïlande	mars 08, 2013	Fitch	BBB	Stable	BBB+	Stable
Thaïlande	déc. 09, 2010	S&P	BBB+	Negative	BBB+	Stable
Thaïlande	oct. 28, 2010	Moody's	Baa1	Negative	Baa1	Stable
Thaïlande	avr. 16, 2009	Fitch	BBB+	Negative	BBB	Stable
Thaïlande	déc. 04, 2008	Moody's	Baa1	Stable	Baa1	Negative
Thaïlande	déc. 01, 2008	Fitch	BBB+	Negative Watch	BBB+	Negative
Thaïlande	déc. 01, 2008	S&P	BBB+	Stable	BBB+	Negative
Thaïlande	oct. 31, 2006	S&P	BBB+	Negative Watch	BBB+	Stable
Thaïlande	sept. 19, 2006	Fitch	BBB+	Stable	BBB+	Negative Watch
Thaïlande	sept. 19, 2006	S&P	BBB+	Stable	BBB+	Negative Watch
Thaïlande	mai 11, 2005	Fitch	BBB	Positive	BBB+	Stable
Thaïlande	août 26, 2004	S&P	BBB	Positive	BBB+	Stable

Clé de table

Classe	Moody's	S&P	Fitch	DBRS	Scope Ratings
Taux préférentiel	Aaa	AAA	AAA	AAA	AAA
Haute Qualité	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Grade moyen supérieur	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Inférieure Moyenne	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
De qualité inférieure spéculatif	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
Extremely Speculative Grade			C	CCC	C
En défaut avec peu de perspectives de reprise		CD	RD	RD
En défaut		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Non évalué	NR	NR	NR	NR	NR

FAQ

What is Thaïlande’s current credit rating?

Thaïlande’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 Thaïlande’s credit risk.

Has Thaïlande’s credit rating changed recently?

This page lists the latest rating and outlook actions for Thaïlande, showing when each agency last reviewed or changed its assessment.

Why does Thaïlande’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Thaïlande's bond yields, currency, and equity flows as investors reassess risk.

How does Thaïlande’s rating compare to other countries?

You can explore how Thaïlande ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

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

What is the difference between investment grade and speculative grade?

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.