Mongolia’s rating upgraded to ‘B’ with stable outlook
EconomyUlaanbaatar/MONTSAME/ S&Ps
Global Ratings upgraded Mongolia’s rating to ‘B stable’ from ‘B-‘ on November 9.
The upgrade was mainly influenced by the faster
economic growth that has been 6.3 percent as of the first half of 2018, which is
considered the result of government policy on improving budgetary and financial
disciplines. The 6.3 percent growth is relatively higher indication compared
with other countries having the same rating.
As well, macroeconomic and budgetary policy
being implemented within the IMF’s Extended Fund Facility raised confidence of international
investors.