Bangkok: Investors have confidence in Anutin's government as Moody's upgrades Thailand's outlook from "negative" to "stable," reflecting stability and policy continuity. Associate Professor Dr. Yutthaporn Isarachai from Sukhothai Thammathirat Open University emphasized that this upgrade serves as an economic certification, reducing the country's risk.

According to Thai News Agency, Moody's Investors Service announced on April 21, 2026, that Thailand's credit outlook has been upgraded to "stable," maintaining the credit rating at Baa1. This change is seen as a positive signal amidst global economic volatility, highlighting the success of the government's strategic policy implementation, particularly in political stability and policy continuity. These factors are considered crucial in reducing structural risks.

Dr. Yutthaporn noted that Thailand has historically faced policy discontinuity due to political changes, but the current government has been successful in pursuing structural reforms. These include improvements in regulations to foster new economic growth and liberalizing the energy sector, marking a shift from short-term policies to sustainable growth foundations.

On the subject of public debt, the debt-to-GDP ratio is projected to reach 62 percent by 2028, driven mainly by investment rather than consumption. Most of the debt is in Thai baht with long maturity, reducing exchange rate risk. The interest burden on government revenue is about 6 percent, deemed manageable compared to countries of similar size, indicating efficient debt management.

The 'Thailand Fast Pass' mechanism is highlighted as an innovative policy reducing bureaucratic hurdles, aiding investment recovery, and potentially attracting foreign direct investment if expanded.

Externally, Thailand's structural strengths, such as high international reserves covering seven months of imports and low short-term debt levels, enhance its ability to handle external fluctuations.

Despite the positive outlook revision, challenges remain in implementing concrete policies and targeted fiscal support for equitable economic recovery. Dr. Yutthaporn stressed the importance of maintaining fiscal discipline and consistent policy implementation to potentially achieve a future credit rating upgrade.

"This recognition from a global institution is a significant opportunity that Thailand must seize," he concluded.