Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Moody’s has revised Thailand’s credit rating outlook from “Stable” to “Negative,” along with five listed Thai banks — BBL, KBANK, KTB, SCB, and TTB — citing concerns over the potential economic impact of US import tariff hikes.</li><li>KTX views this revision as a long-term pressure factor and anticipates a possible credit rating downgrade from the current Baa1 within the next year, pending greater clarity on tariff implementation.</li><li>While the outlook downgrade presents a near-term headwind for the banking sector, KTX maintains a positive medium- to long-term view and recommends a gradual accumulation of bank stocks. </li></ul>

Moody’s has revised Thailand’s credit rating outlook from “Stable” to “Negative,” along with five listed Thai banks — BBL, KBANK, KTB, SCB, and TTB — citing concerns over the potential economic impact of US import tariff hikes.KTX views this revision as a long-term pressure factor and anticipates a possible credit rating downgrade from the current Baa1 within the next year, pending greater clarity on tariff implementation.While the outlook downgrade presents a near-term headwind for the banking sector, KTX maintains a positive medium- to long-term view and recommends a gradual accumulation of bank stocks. 

Economic Update: Moody’s Downgrades Thailand’s Outlook to “Negative”