Thailand's Sovereign Credit Rating has been maintained at 'BBB+' with a stable outlook, according to a study from S&P Global Ratings (S&P), taking into account the national fiscal stability and ongoing economic recovery. S&P anticipates that the government's implementation of fiscal policy and the picking up of the tourism industry will cause the Thai economy to rapidly recover and increase from 2.5% in 2023 to 4.2% in 2024. In contrast, it is expected that the general government debt-to-average GDP ratio will fall below 4% in 2024 and 2026. The nation's real GDP growth is predicted to average 3.2% between 2023 and 2026. Furthermore, S&P says that public-private partnerships and state business investment will play a significant role in propelling the country's infrastructure development initiatives. Thailand's external finances have remained strong, and the country's net general government debt has steadied.