Laos continues to pare down its government debt stock as a proportion of GDP through tight fiscal settings and moderate economic growth. Gross foreign exchange reserves are well above US$3 billion, while the Lao kip has traded within a steady range despite inflationary and external trade pressures. We raised our long-term sovereign credit rating on Laos to'B-'from'CCC+'. At the same time, we raised our short-term rating to'B'from'C'. The outlook on the long-term ratings is stable. On Oct. 29, 2026, S&P Global Ratings raised its long-term sovereign credit rating on Laos to ‘B-‘ from ‘CCC+’. At the same time, we raised our short-term rating to ‘B’ from ‘C’. The outlook on the long-term rating is
