Moody’s Investors Service: Moody’s says outlook for Mongolia’s ratings is stable

Moody’s Investors Service says that the outlook for Mongolia’s B1 local and foreign currency government bond ratings is stable. While the country’s economic outlook is bright over the long term, fiscal prospects are clouded by spending pressures in the near term. “Mongolia’s government bond ratings are premised upon Moody’s Sovereign Bond Methodology scores of low economic and institutional strengths, moderate government financial strength, and high event risk relative to possible economic shocks arising from commodity price volatility, or financial sector distress,” says Tom Byrne, a Senior Vice President in Moody’s Sovereign Risk Group. Byrne was speaking on the release of Moody’s latest annual report on Mongolia, and which he authored. To read the full article, click hereMoody’s says outlook for Mongolia’s ratings is stable

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