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Benefits of being a country with good credit rating


Written by G.Urantuya
For a country, good credit rating is a great opportunity to benefit from global financial markets. The international credit rating agency Fitch Ratings has assessed Mongolia s economic situation on a number of factors and announced that the country’s rating outlook is stable. The country has been assessed by the internationally renowned S&P from 1999 and by Fitch and Moody s since 2005.
On May 25, 2021, Fitch Ratings has affirmed Mongolia s Long-Term Foreign-Currency Issuer Default Rating (IDR) at B with a stable outlook. In other words, Mongolia s credit rating is currently moderate. A country s credit rating significantly affects the credit ratings of its companies. Moreover, foreign investors and other international organizations check the credit rating before deciding whether to start a partnership. Therefore, it is a success that the country s financial and economic situation has been assessed as such in this difficult time of a pandemic. How ....

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