Thailand's strong external profile, modest government debt position, and track record of orthodox fiscal and monetary policies continue to support the rating. These strengths contrast with a less certain political backdrop. At the same time, the socioeconomic fissures that contributed to instability and an eventual military coup in 2014 remain largely unresolved. 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. The stable outlook reflects our expectation that Thailand's stable and generally strong credit metrics will sufficiently offset continued political uncertainties over the next two years. On Dec. 15, 2017, S&P Global Ratings affirmed its 'BBB+' long-term and 'A-2' short-term foreign currency sovereign
