Thailand looks for its upgrade

Finance professionals in Thailand are waiting on Moody''s decision on whether to reinstate the country''s investment grade status or not.

Thailand is hoping that it will regain a long-coveted investment grade rating from Moody's once the US agency completes its sovereign review of the Kingdom's Ba1B1Not prime credit initiated on April 3. Having placed a country on review for possible upgrade, the agency typically reports back within three months, implying that the Kingdom should know one way or the other by mid-June.

For many analysts, an upgrade is regarded as a fait accompli. Indeed Moody's own sovereign analyst Vincent Truglia told FinanceAsia.com that when a country is on review, there is a 70% chance that the rating moves in the direction...

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