Mongolia’s rating upgraded to ‘B’ with stable outlookEconomy
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.