Fitch says durable coalition crucial to fiscal outlookA durable coalition will be critical to Thailand's post-election fiscal outlook and would help reduce the risk of a sovereign rating downgrade, says Fitch Ratings. Fitch said the durability of the coalition will determine whether Thailand can structurally reduce political uncertainty and deliver more predictable medium-term economic and fiscal policies. A new government under Prime Minister Anutin Charnvirakul is expected to retain a strong focus on support measures. Extending such initiatives could support near-term demand, but spending commitments agreed by a new coalition could delay fiscal consolidation if they are not matched by offsetting measures, Fitch said. Fitch said in September 2025 Thailand's rating hinges on whether the authorities can credibly stabilise the government debt-to-GDP ratio over the medium term.

Source: Bangkok Post February 12, 2026 11:06 UTC