Information published: Mofit_dev
Date of publication: 2025 оны 10 сарын 20
Ulaanbaatar, October 16, 2025 — Moody’s Investors Service has announced an upgrade of Mongolia’s sovereign credit rating to “B1” from “B2”, with a stable outlook, reflecting continued improvements in the country’s fiscal management, economic resilience, and institutional effectiveness.
According to Moody’s, the rating upgrade was driven by several key factors:
· Prudent debt management and fiscal discipline, which have significantly reduced refinancing risks;
· Expectation of more stable economic growth, underpinned by ongoing steps to diversify the commodity mix;
· Improved macroeconomic indicators, despite the decline in global commodity prices;
· Progress in governance and institutional reforms, contributing to stronger policy effectiveness and transparency.
This marks the second consecutive year that Moody’s has upgraded Mongolia’s sovereign credit rating, underscoring confidence in the country’s economic and fiscal outlook.
A higher sovereign rating is expected to enhance Mongolia’s access to international capital markets, reduce borrowing costs, and strengthen investor confidence. It will also have a positive spillover effect on the credit profiles of major commercial banks and private enterprises, whose ratings are closely tied to that of the sovereign.
The improvement in Mongolia’s sovereign credit rating is expected not only to increase the value of the Government’s international bonds but also to create favorable conditions for the credit ratings of seven commercial banks and private companies to improve accordingly.
