Moody's reviews Mongolian banks

Moody's Investors Service said it placed the ratings of Mongolian banks Golomt Bank, Khan Bank, the Trade and Development Bank of Mongolia and XacBank on review for downgrade.

The four banks are all rated one notch above the B1 Mongolian sovereign rating.

Moody's said the announcement reflects its revised assessment of the linkage between the credit profiles of sovereigns and financial institutions globally.

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