What happened this week 11.03.13 to 15.03.13

Positive(s)

Thailand

  • Fitch boosts credit rating – Ratings agency Fitch Ratings yesterday announced a one-notch upgrade in Thailand’s credit rating, supported by declining policy risk, stable finances and low public debt. The upgrade raises the country’s long-term foreign currency rating to BBB+ from BBB, with a stable outlook. The short-term foreign currency rating was also upgraded to F2 from F3, while the country ceiling was hiked to A- from BBB+. (Bangkok Post, 09/03/13)

International

  • US: US small business confidence continues to improve in February – U.S. small business confidence continued to improve in February as more owners planned to increase inventories and capital spending, a leading industry association said Tuesday. The National Federation of Independent Business (NFIB) said that its Small-Business Optimism Index rose 1.9 points to 90.8 in February from January, which remained on a par with the 2008 average and below the trough of the 1991-1992 and 2001-2001 recessions. The index fluctuated between 86.5 and 94.5 since the latest recession ended in June 2009. (Xinhua, 12/03/13) Continue reading What happened this week 11.03.13 to 15.03.13