Mongolia hopes for a ratings upgrade

Choijilsuren Battogtokh, head of Mongolia's budget committee, explains why better than expected economic data and a restructuring of the banking sector are improving the country’s credit metrics.

Mongolia hopes for a ratings upgrade

The Government of Mongolia hopes international rating agencies will acknowledge the steps it is taking to structurally overhaul the economy with further upgrades to its B3B-B- rating this year.

The country’s finances have certainly come back from the brink over the past 12 months. The government started 2017 facing a looming sovereign bond default, but ended it with two successful liability management exercises to its name, plus a FinanceAsia accolade as...

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