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...
