Mongolia hopes for a ratings upgrade

Two days after India's sovereign upgrade by Moody's, Reliance becomes the first lender to take advantage.

Bogd Bank has increased its debut international notes to $100m, while the Development Bank of Mongolia has expanded its new bond to $750m, highlighting growing offshore investor interest in the frontier market’s financial institutions.

Valuations have cheapened as frontier market countries grapple with fiscal discipline and collapsing commodity prices.

FinanceAsia is pleased to present the fifth batch of results from our 2015 poll, focusing on the quality of rating agencies' credit research.

The inaugural FinanceAsia Bond Investor Survey, sponsored by HSBC and S&P Global Ratings, reveals the growing scale and confidence of the region’s credit markets and investors.

Chinese issuance may tail off as regulators indicate they will not approve any more offshore bonds once the National People's Congress gets under way in mid-October.