«`html

Thai Prime Minister Commits to Responsible Policies to Prevent Credit Rating Downgrade

In a proactive response to recent financial concerns, Thai Prime Minister Anutin Charnvirakul has pledged to implement all necessary measures to safeguard the country’s sovereign credit rating. This commitment comes on the heels of Fitch Ratings’ decision to revise Thailand’s outlook, highlighting increasing challenges to public finances.

The Prime Minister emphasized the importance of prudent fiscal policies that will not only stabilize the economy but also build investor confidence. The government is aware of the potential repercussions that a downgrade could have on Thailand’s financial landscape, including increased borrowing costs and reduced foreign investment.

In light of Fitch Ratings’ assessment, which pointed to rising risks in the nation’s fiscal management, the Thai administration is prioritizing strategies that promote sustainable economic growth while maintaining fiscal discipline. Anutin’s administration aims to reinforce the country’s financial stability through careful budgeting and strategic investments.

As Thailand navigates these economic challenges, the Prime Minister’s assurance of a dedicated approach to managing public finances is intended to reassure both domestic and international stakeholders of the government’s commitment to fiscal responsibility.

«`

Source: Original