Country Risk Summary: THAILAND

April 2004
Asia Monitor: South East Asia Monitor Volume 1;Apr2004, Vol. 15 Issue 4, p2
Country Report
Country Report
Thailand has hit back at accusations made by the U.S. in a recent human-rights report, saying that they could hurt close ties between the two countries. In its annual human rights report, the U.S. State Department said that Thailand's record had worsened with regard to extra-judicial killings and arbitrary arrests, particularly during last years three-month' war on drugs'. Fitch Ratings, the international ratings agency, has changed its outlook on Thailand's long-term foreign and local currency sovereign ratings to' positive' from' stable'. In a March press release, Fitch said that further improvements in Thailand's external position, strong economic growth and near-balanced public finances, supported the change in outlook. The improving economic outlook in Thailand has already been taken into account in our short-term risk economic risk rating, which remains on 79.0.


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