[CPSI NewsAlert: S&P Upgrades Mongolia Outlook to Positive, BB-/B Ratings Affirmed]

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S&P: Mongolia Outlook Revised To Positive; 'BB-/B' Ratings Affirmed

December 19 (S&P) Mongolia's weak policy environment exacerbates the vulnerabilities stemming from its narrow economic profile and a fragile banking system. Strong growth prospects and supportive relations with donors underpin Mongolia's fiscal and external credit metrics. For these reasons, we are revising the outlook to positive from stable and affirming the 'BB-/B' sovereign credit ratings.

On Dec. 19, 2011, Standard&Poor's Ratings Services revised the outlook on Mongolia to positive from stable. At the same time, we affirmed the 'BB-' long-term and 'B' short-term sovereign ratings. The transfer and convertibility assessment (T&C) is 'BB'. We revised the rating outlook on Mongolia to positive to reflect our expectation of significant real per capita GDP growth through to 2014, at least, as the ongoing.

Link to report page

 

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

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