Moody’s rates Mongolian Mortgage bonds B3

Moody's Investors Service said it assigned a B3 rating to Mongolian Mortgage Corp. HFC LLC's (B3/stable) proposed dollar-denominated senior unsecured bonds.

The proposed senior unsecured bond is guaranteed by the parent company, MIK Holding JSC.

“The B3 rating is in line with MIK's long-term foreign currency issuer rating, as the senior unsecured bonds will constitute a direct, general, unsubordinated, unconditional, and unsecured obligation of the issuer,” the agency said in a news release.

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