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S&P downgrades 4 Thai banks on structural issues, fragile economic recovery
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Published Tue, Mar 22, 2022 · 09:50 PM
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Singapore
S&P Global Ratings downgraded its ratings on 4 Thai banks, as it expects that systematic risks have increased for banks operating in Thailand, it said on Tuesday (Mar 22).
The credit ratings agency lowered its ratings on Siam Commercial Bank and Kasikornbank to "BBB" from "BBB+" and Krung Thai Bank and TMBThanachart Bank to "BBB-" from "BBB".
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