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Mongolia|finance|September 22, 2020 / 02:58 PM
Fitch assigns Mongolia's proposed USD bond a 'B' rating

AKIPRESS.COM - Fitch Ratings said it has assigned Mongolia's (B/Stable) proposed US dollar bonds a 'B' rating.

Proceeds from the proposed bonds will be used to refinance bonds maturing in 2021 and 2022 through a cash tender offer.

The rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.

Fitch affirmed Mongolia's Long-Term Foreign- and Local-Currency IDRs on 28 May 2020.

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