Mongolia's credit rating stands at B with stable outlook

Odonchimeg 2016-05-02 09:05

Economy

Standard & Poor's credit rating for Mongolia stands at B with stable outlook.

Standard & Poor's credit rating for Mongolia stands at B with stable outlook. Also, Mongolian economy is estimated to see an average 4.6% growth in the period until 2019. Mongolia’s economic perspectives for this year are estimated to be 2.6%. It is the most positive evaluation of Mongolian economy by international organizations. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Mongolia thus having a big impact on the country's borrowing costs. The agency warns that the decrease in foreign direct investment and export might exert pressure on the nation’s stable balance and financial commitments.