Thailand’s banks not as healthy as they claim

BANGKOK – Covid ambulance sirens are ringing out in Bangkok as the dominion continues to grapple with record-breaking each day caseloads.

But it’s the warning bells sounding round Thailand’s banks which can be probably the better trigger for alarm in one in all Asia’s worst pandemic-hit and slowest recovering economies.

Ratings company S&P Global just lately downgraded prime Thai lenders Siam Commercial Bank, Kasikorn Bank and Krungthai Bank’s creditworthiness citing rising “systemic risk” and a “fragile” financial restoration.   

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