-- Moody's changed the outlook on the government of Thailand to stable from negative, according to a Tuesday release by rating agency.
The ratings firm also affirmed the foreign and local currency issuer and local currency senior unsecured ratings at Baa1, and Thailand's foreign currency commercial paper rating at P-2.
The move comes amid the easing of downside risks from a tariff shock after the US reduced levies on Thai exports to levels which are largely in line with regional peers.
Risks related to higher oil prices due to the Middle East conflict are expected to weigh on growth but will be comparable to peers.