Thailand in Focus :: S&P: Thailand's outlook stable
Thailand in Focus :: S&P: Thailand's outlook stable
02/06/2015
Thai corporations had enough cash at the end of last year to cover their short-term debt maturity. From what we can observe in the market, there is a very manageable liquidity risk for Thai corporations, so the short-term fundamentals are solid, says Standard and Poor's (S&P) Ratings Services. Despite the sluggish economic conditions, the credit outlook of major Thai corporations should remain unscathed thanks to their manageable short-term debt, strong cash buffer and abundant liquidity.
Bertrand Jabouley, S&P's Singapore-based director for corporate ratings in Asia-Pacific, said companies listed on the SET50 index excluding seven financial institutions had cash equivalents totalling 493 billion baht at the end of last year, which matched their short-term debts assessed at 497 billion.
Credit and view full story at Bangkok Post
