Moody’s rates Mongolia program B2

Moody's Investors Service said it affirmed Mongolia's government bond rating at B2 and assigned a provisional B2 long-term rating to the forthcoming drawdown under the $5 billion global medium-term note program of Mongolia, in line with the B2 issuer rating.

The outlook on the rating remains negative.

Concurrently, the agency affirmed the government's B2 issuer rating, its senior unsecured medium-term note rating at provisional B2 and the short-term Not Prime issuer rating.

Moody’s said the affirmation of the rating signifies its view that Mongolia's credit profile will remain in line with B2 peers over the medium term, with current credit-negative trends dissipating over the coming one to two years. Key credit supports include strong potential growth and abundant mineral resource wealth.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.