Mongolia upgraded to ’BB-’ by S&P on fiscal strength and growth By Investing.com
Update: 2025-10-30
Description
Mongolia's credit rating upgraded to double B minus, reflecting improved financial stability and economic growth. Key factors include increased government revenue from mining, consecutive budget surpluses, and a significant reduction in debt. The economy is projected to expand by over five percent in 2024 and 2025, driven by steady coal exports, agriculture recovery, and a surge in copper production. Despite political changes, policies are expected to remain consistent, with small budget deficits and debt dropping below thirty percent of GDP next year. However, risks remain, and the rating could slip if growth stumbles or debt increases.
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