Category
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- Bank, non banking financing, investment
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Events
DBM’s investment rating upgraded to BBB www.gogo.mn
Moody’s has stated that the credit rating of the Development Bank of Mongolia (DBM) has a direct link to the nation’s credit rating, which has been upgraded from Caa1 to B3, as the government can support DBM as needed, and DBM's rating has been upgraded to BBB.
With the upgraded rating, DBM has the opportunity to issue long-term and low-cost financing in the international stock market. A country’s financial system, governance, budget and monetary policy play an important role in determining a nation's credit rating. When a rating changes, international investment expenditure can swing by up to 0.8 percent.
Published Date:2018-01-26
