...SINGAPORE (S&P Global Ratings) Aug. 8, 2016--S&P Global Ratings said today that political uncertainties improved somewhat following yesterday's vote for a new Constitution in Thailand. Nevertheless, our sovereign credit ratings on Thailand (foreign currency ###+/Stable/A-2; local currency A-/Stable/A-2; axAA/axA-1) are unaffected. While the result of the referendum increases the likelihood that an election will be held in 2017, the level of political uncertainty in the country remains significant. Early results of the referendum held in Thailand on Sunday suggested that a majority of voters expressed support for the draft constitution that the military government put forward. This makes it very likely that the military government will proceed with elections for a new government in 2017, as it promised. By the end of 2017, the new elected government is likely to be in place. This development, however, has only reduced political uncertainties in the Kingdom modestly. The major political parties...
