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Prospect News home > News index > List of issuers M > Headlines for Mongolian Mortgage Corp. HFC LLC > News item |
S&P upgrades Mongolian banks
S&P said it raised its long-term issuer credit ratings on four financial institutions operating in Mongolia.
Trade and Development Bank of Mongolia LLC, Golomt Bank of Mongolia, Development Bank of Mongolia and Mongolian Mortgage Corp. HFC LLC were upgraded to B from B-.
The upgrades reflect an accelerated economic recovery that should improve Mongolia's overall banking performance, including asset quality metrics, S&P said in a news release.
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