Mongolia's Proposed Senior Unsecured Notes Assigned 'BB-' Long-Term Foreign Currency Rating www.spglobal.com
S&P Global Ratings today assigned its 'BB-' long-term foreign currency issue rating to the benchmark-size U.S. dollar-denominated senior unsecured notes that Mongolia proposes to issue.
The note issuance is part of the Mongolian government's liability management exercise. Concurrently, Mongolia (BB-/Stable/B) has announced a voluntary tender offer on its U.S. dollar-denominated bonds due 2026, 2028, and 2029. The government intends to fund the tender offer using proceeds from the note issuance.
The notes represent direct, general, unconditional, unsecured, and unsubordinated obligations of the sovereign and rank equally with the sovereign's other unsecured and unsubordinated debt obligations.
The rating on the notes is subject to our review of the final issuance documentation.
Published Date:2026-02-24





