S&P Global Ratings pointed to a trend in which past rounds of deal-making by listed Thai companies haven’t always brought rewards. Xavier Jean, senior director of corporate ratings of S&P Global Ratings, yesterday said that Thai corporates had made aggressive plays in mergers and acquisitions in recent years. Jean said Thai companies had spent a lot of money on investment but, in many cases, these outlays are not yet generating the sought-for additional profits. If the market is not good and global interest rates rises, then this combination would affect their businesses, he said. The US Federal Reserve may raise its policy rates faster and this would lead to higher global interest rates.

Source: The Nation Bangkok February 22, 2018 18:00 UTC