OREANDA-NEWS. Fitch Ratings has assigned Mongolia's forthcoming offshore CNY-denominated bonds, issued under the Government of Mongolia's global medium-term note programme, an expected rating of 'B+(EXP)'.

The final rating is contingent on the receipt of final documents conforming to the information already received.

KEY RATING DRIVERS
The expected rating is in line with Mongolia's Long-Term foreign currency Issuer Default Rating (IDR) of 'B+' with a Negative Outlook.

RATING SENSITIVITIES

The notes' rating would be sensitive to any changes in Mongolia's Long-Term foreign currency IDR.

On 11 December 2014, Fitch affirmed Mongolia's Long-Term foreign currency IDR at 'B+' with a Negative Outlook. The Long-Term local currency IDR is also 'B+' with a Negative Outlook.