Moody's moves Mongolian Mortgage view to stable

Moody's Investors Service said it changed Mongolian Mortgage Corp. HFC LLC's outlook to stable from negative and affirmed its B3 foreign-currency issuer rating. Simultaneously, Moody's affirmed Mongolian Mortgage's B3 long-term corporate family rating and foreign-currency-backed senior unsecured rating.

The rating action follows the outlook changed to stable from negative on nine Mongolian banks and the revision on Tuesday of the government of Mongolia’s outlook to stable, Moody’s said.

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