Thailand’s Outlook Upgraded to “Stable” by Moody’s, Maintains Baa1 Rating as FDI Confidence Rebounds to Global Top 25

Prime Minister Anutin Charnvirakul welcomed Moody’s decision to revise Thailand’s credit outlook from “negative” to “stable,” while affirming the country’s Baa1 rating. The move reflects renewed confidence in Thailand’s economic fundamentals and the government’s policy direction, signaling greater stability after a period of uncertainty.

According to the Prime Minister’s Office, the upgrade is supported by improving economic conditions driven by both domestic and external factors. Political stability and policy continuity have helped reduce uncertainty and enabled long-term economic reforms. Private investment is also gradually recovering, supported by government initiatives such as the Thailand Fast Pass program, which promotes employment and future growth. While public debt has risen due to economic stimulus measures, it remains manageable and does not threaten overall stability. Thailand also maintains strong external financial positions and sufficient reserves to withstand global volatility.

At the same time, Thailand has re-entered the world’s top 25 in the 2026 Kearney FDI Confidence Index after a two-year absence, reflecting renewed interest from foreign investors. This resurgence is attributed to targeted investment policies, including expanded incentives by the Board of Investment in future industries such as data centers, electric vehicles, and clean energy, alongside accelerated infrastructure development. Together, the improved outlook and rising FDI confidence underscore a steady recovery in investor trust, which is expected to support new investments, economic expansion, and Thailand’s long-term competitiveness.