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Thailand's fiscal position poses a risk to a potential credit rating review and efforts needed to accelerate the reduction in fiscal deficit to below -3.0% within 3-5 years

along with structural economic reforms, says KResearch KASIKORN RESEARCH CENTER (KResearch) is of the view that the recent revision of Thailand's credit rating outlook by a credit rating agency from "Stable" to "Negative", while affirming the credit rating at BBB+ reflects growing concerns over Thailand's continuously weakening fiscal position following the COVID-19 crisis. This could become a key factor leading to a potential downgrade in Thailand's credit rating within the next 1-2 years

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