Outlooks On Two Mongolian Commercial Banks Revised To Negative On Unstable Operating Environment; 'B-' Ratings Affirmed

OVERVIEW A weaker economic growth outlook and deteriorated fiscal and external conditions could undermine the operating environment for Mongolia's banks, in our view. Mongolia's banks could face significant profitability pressure stemming from deteriorating asset quality. Tightening funding conditions could also add to banking system risk. We are revising the outlooks on two major commercial banks--Trade and Development Bank of Mongolia LLC and Golomt Bank of Mongolia--to negative from stable. At the same time, we are affirming our 'B-' long-term issuer credit ratings on these banks. HONG KONG (S&P Global Ratings) Aug. 26, 2016--S&P Global Ratings today said it has revised to negative from stable its outlooks on two major Mongolian commercial banks--Trade and Development Bank of Mongolia LLC (TDB) and

...OVERVIEW + A weaker economic growth outlook and deteriorated fiscal and external conditions could undermine the operating environment for Mongolia's banks, in our view. + Mongolia's banks could face significant profitability pressure stemming from deteriorating asset quality. Tightening funding conditions could also add to banking system risk. + We are revising the outlooks on two major commercial banks--Trade and Development Bank of Mongolia LLC and Golomt Bank of Mongolia--to negative from stable. + At the same time, we are affirming our 'B-' long-term issuer credit ratings on these banks. HONG KONG (S&P Global Ratings) Aug. 26, 2016--S&P Global Ratings today said it has revised to negative from stable its outlooks on two major Mongolian commercial banks--Trade and Development Bank of Mongolia LLC (TDB) and Golomt Bank of Mongolia. At the same time, we affirmed our 'B-' long-term issuer credit ratings on the banks. In our opinion, a weaker economic growth outlook and deteriorated fiscal...

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