Fitch boosts Mongolia's credit rating

Fitch upgraded the rating of Mongolia’s long term foreign currency debt to B from B- on Monday, causing the country’s outstanding dollar paper to tighten in the secondary market.

  • By Lewis McLellan
  • 10 Jul 2018

The yield on Mongolia’s $1bn December 2022 sold in November 2012 was bid at 6.629% on Tuesday afternoon, down 44bp since Monday. The bid yield to maturity on the $500m April 2021 note sold in 2016 has fallen 9bp since Monday. 

Fitch’s decision to upgrade Mongolia follows ...

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