Debt relief scheme seen as too small to impact bank ratings

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Bangkok Post 19h ago

Debt relief scheme seen as too small to impact bank ratings - Bangkok Post

Quick Summary:

The government's latest debt relief scheme is unlikely to affect the credit rating of Thailand's banking industry in 2025 due to the modest scope of the measures, according to Fitch Ratings Thailand.

However, Fitch believes that, in practice, most of the eligible borrowers' debts are likely already classified as stage 2 or stage 3 loans and should have already been provisioned for or potentially written off by banks.

Additionally, other regulatory controls designed to curb further increases in household debt, such as retail interest rate caps, remain in place.