Fitch Rates Mongolia’s Proposed USD Bond ‘B-(EXP)’
Fitch Ratings has assigned Mongolia’s forthcoming US dollar-denominated bonds an expected rating of ‘B-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Mongolia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B-’ with a Stable Outlook. RATING SENSITIVITIES The rating would be sensitive to any changes in Mongolia’s Long-Term Foreign-Currency IDR. On 19 February 2017, Fitch affirmed Mongolia’s Long-Term Foreign-Currency IDR at ‘B-’ with a Stable Outlook. The Long-Term Local-Currency IDR is also ‘B-’.