Bangkok--2 Dec--Moody's
Moody's Investors Service has today corrected the outlook on the Bank of Thailand's (BOT) Baa1 ratings to Stable from Negative, aligning the rating outlook with that of the Government of Thailand's rating outlook, which was changed to Stable from Negative on October 27, 2010.
Moody's opinion is that the Kingdom of Thailand and the Bank of Thailand share the same fundamental credit strengths, and therefore the bond ratings and outlook are the same. Due to an administrative error, the change in rating outlook of the Bank of Thailand was inadvertently omitted from the most recent rating action relating to the Kingdom of Thailand.
The missing rating action is October 27, 2010, when the outlook on the Government of Thailand's ratings was changed to Stable from Negative.
That date was also the last rating action that should have been taken regarding BOT.
The principal methodology used in rating the government of Thailand's and the BOT's foreign and local currency debt is Moody's Sovereign Bond Methodology, which can be found at www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Rating Methodologies sub-directory on Moody's website.