Government Spokesperson Rachada Dhnadirek, quoted Moody's Investors Service announced on 21 April 2026 that it had upgraded Thailand’s credit outlook from negative to stable, while affirming Thailand’s sovereign credit rating at Baa1.

Ms. Rachada said that Prime Minister Anutin Charnvirakul was satisfied with the Moody’s report, which reflects confidence in Thailand’s economic fundamentals and policy directives of the Thai government, as well as the stability of the country’s internal and external positions.

She explained that Moody’s cited greater political stability and policy continuity as supporting factors that help ease external risks and uncertainties and are also favorable to economic reform in the long run. 

Moreover, the stable outlook also reflects the continued recovery of private sector investment and the Government’s supporting measures, such as the introduction of “Thailand FastPass,” a key tool to accelerate the implementation of important investments, promote employment generation, and help drive the country's economy forward.

Ms. Rachada pointed out that, although public debt is likely to increase, driven largely by the Government’s economic-stimulus measures, the public debt level is still manageable and will not affect the country’s overall economic stability. Thailand’s fiscal position remains strong and its international reserves are sufficient to cope with heightened global economic volatility. 

Thailand is now back in the global top 25 and rising in the emerging market ranking, according to the Kearney FDI confidence index. The Government Spokesperson stated that the rising investor confidence is a result of Thailand’s strong economic foundation and its investment policies to promote future industries, such as the establishment of data centers, the manufacturing of electric vehicles, and the promotion of clean energy. The Thai government has also been accelerating infrastructure development and facilitating the operations of investors, which play an important part in restoring investor confidence.

She believed that the change in the credit outlook for Thailand by Moody’s and the improvement in Thailand’s direct foreign investment situation reported by the Kearney FDI confidence index 2026 would attract new investments, contribute to the country’s economic expansion, and further enhance Thailand’s competitiveness.

She also said that the Prime Minister had emphasized the Government’s efforts to upgrade the country’s potential for strong and sustainable growth, as stated in the Government’s policy statement delivered in the National Assembly.