Fitch Ratings has concluded that the Thai government’s expanded debt-relief measures, aimed at assisting vulnerable retail borrowers and announced on February 11, will exert a negligible influence on the financial performance and credit profiles of non-bank financial institutions (NBFIs).
The Friday statement concluded that the limited scope and existing offsets of the measures would effectively mitigate any potential impact.
The debt relief programme, initially unveiled in December 2024 to support clients of banks and their subsidiaries, now has been extended to encompass non-bank-owned NBFIs.
As previously reported in Fitch Wire on December 19. 2024, the initiative has thus far garnered participation from…
