CreditWatch, which reflected the possibility of sustained deterioration in national credit worthiness. A S&P analyst noted that "A fairly rapid return to civilian rule in accordance with the country's constitution and renewed commitment to macroeconomic stability and needed reform likely would lead to the affirmation of existing ratings." Fitch Ratings put its sovereign credit ratings for Thailand on Rating Watch Negative, but noted that the coup might have a positive effect if it leads to a resolution of the country's long running political crisis. Moody's Investors Service has reaffirmed Thailand's ratings and stable outlook two days after a military coup, saying the country's fundamentals were strong enough to weather the instability. "The country's financial and external payments positions should be strong enough to withstand temporary disturbances caused by Tuesday's military coup," Moody's said. None of Moody's ratings or guidelines for Thailand were changed, including the Baa1 foreign and local currency ratings of the government, the A3 foreign currency ceiling for bonds, and the Baa1 foreign currency ceiling for bank deposits. See also Economy of Thailand Stock Exchange of Thailand Thai baht References 2006 Thai coup d'état 2006 in Thailand Economic history of Thailand 2006 in economics