Credit Thailand Latest Information


Moody's: Malaysia and Thailand Most Vulnerable as Global Credit Gets Tighter
With the global credit cycle getting tighter, many Southeast Asian countries face the risk of elevated household debt increasing the refinancing pressure on mortgage and consumer credit, Moody's has said.

A.M. Best Affirms Ratings of Asian Reinsurance Corporation
HONG KONG--(BUSINESSWIRE)-- A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the issuer credit rating (ICR) of “bb” of Asian Reinsurance Corporation (Asian Re) (Thailand). The rating affirmations and positive outlook on the ICR reflect Asian Re’s improved capitalization, the positive signal from a debt-equity swap (DES) agreement and improved catastrophe management ...

Household debt high in SE Asia, but manageable: Moody's
Malaysia and Thailand are most vulnerable to rising interest rates, due to high overall indebtedness and a rapid pace of credit accumulation in recent years, noted Moody's Investors Service.

Thailand 6th most unequal country in world
BANGKOK, Oct 21 (Bernama) -- Thailand is ranked 6th in unequal distribution of wealth in the world, the Credit Suisse Global Wealth Report shows.

Cut business approval time: World Bank
THE WORLD BANK has urged Thailand to shorten its approval time for starting a business, lessen the number of tax payments and seriously enforce the bankruptcy law if it wants to move up further in the global ranking of ease in doing business. According to the World Bank's "Doing Business 2015: Going Beyond Efficiency", released recently, Thailand was grouped in the 30 countries, out of 189 ...

Chinese men nabbed for using fake credit cards in Bangkok
Police have arrested two Chinese men for using fake credit cards in Thailand. Shang Liming, 30, and Wei Qinlei, 24, were arrested at Siam Paragon on Friday evening while they were trying to buy a Bt59,000 (S$2,300) camera. Siam Commercial Bank (SCB) staff alerted police after discovering the credit card was a fake. Tourist Police Division commander Maj-General Apichai Ti-amataya said following ...

Auto financing, credit cards lift consumer loans by 18% in Q2
The Bangko Sentral ng Pilipinas (BSP) said yesterday that consumer loans in the second quarter increased 18 percent on year to P803.3 billion thanks to steadily expanding home and vehicle purchases and credit-card use. The BSP said that consumer lending in the April-to-June quarter was 9.3 percent higher than the P735.1 billion posted in the first quarter of 2014. ...

Bt15m credit lines the focus of SME Bank's rehabilitation scheme
THE SMALL and Medium Enterprise Development Bank of Thailand will step up on providing credit lines of up to Bt15 million to small businesses as well as selling bad loans as part of the state bank's urgent scheme to rehabilitate its financial performance.

Pattaya Mail
Fitch Ratings has maintained Thailand's credit rating at BBB+ and is awaiting the government's economic stimulation measures.

Fitch Affirms Thailands SVI at BBB+ Outlook Stable
Survey Results: 2014 CDS Independent Price Verification Fitch Solutions has partnered with Structured Credit Investor (SCI) on a global survey of valuation professionals to gather ...

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