31/10/2025
S&P Global Ratings upgraded Mongolia’s long-term foreign and local currency sovereign credit ratings from ‘B+’ to ‘BB-’, with a Stable Outlook. The upgrade reflects the country’s sustained fiscal consolidation and strong economic growth.
International credit rating agency S&P Global Ratings upgraded Mongolia’s long-term foreign and local currency sovereign credit ratings to ‘BB-’ from ‘B+’ on October 30, 2025. The outlook on the long-term rating is stable.