OVERVIEW Thailand's strong external profile, low government debt, and monetary policy credibility support the rating, while low income and political uncertainty remain constraints. We are affirming our 'BBB+' long-term and 'A-2' short-term foreign currency sovereign credit ratings, and our 'A-' long-term and 'A-2' short-term local currency ratings on Thailand. We are also affirming our 'axAA/axA-1' long- and short-term ASEAN regional scale ratings on Thailand. The stable outlook reflects our expectation that macroeconomic strengths are sufficient to counter the effects of uncertain political conditions over the next two years. RATING ACTION On Dec. 21, 2015, Standard&Poor's Ratings Services affirmed its 'BBB+' long-term and 'A-2' short-term foreign currency sovereign credit ratings, and its 'A-' long-term and 'A-2' short-term local currency
