EXIM Thailand Showcases Robust Financial Standing, Maintaining AAA(tha) National Long-term Credit Rating for 18 Consecutive Years, and BBB+ Long-Term International Credit Rating, on Par with Thailand's Credit Rating, for 11 Consecutive Years
Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), announced that on September 28, 2023, Fitch Ratings Limited affirmed EXIM Thailand's long-term national credit rating at 'AAA(tha)' with a stable outlook for the 18th consecutive year. This rating represents the highest level of creditworthiness, signifying the lowest default risk when compared to other banks and companies in the country. This achievement reflects EXIM Thailand's financial stability amid the challenges posed by fluctuating Thai and global economies, including the slowdown in exports and heightened global interest rates.
Furthermore, Fitch Ratings reaffirmed EXIM Thailand's long-term international credit rating at 'BBB+' with a stable outlook, matching Thailand's sovereign credit rating, for the 11th consecutive year. This underscores the crucial role and missions of EXIM Thailand as a specialized financial institution (SFI) dedicated to promoting and supporting international trade and investment activities, especially for SMEs, which form the economic backbone and lack of access to commercial banking services. Additionally, EXIM Thailand is the sole SFI providing insurance products related to international trade and investment. Consequently, the government may provide EXIM Thailand with supports such as additional capital injection and government loan guarantees to facilitate growth and enhance resilience in the face of economic fluctuations.
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