...+ On Aug. 19, 2016, we lowered our long-term sovereign credit rating on Mongolia to 'B-' from 'B'. + We are lowering our long-term issuer credit rating on DBM to 'B-' from 'B' following the action on the sovereign.. + We equalize the ratings on DBM with those on the sovereign because we expect the bank to remain a GRE with an almost certain likelihood of receiving government support. + The stable outlook on DBM mirrors that on the sovereign rating on Mongolia and reflects our view that DBM will maintain its current GRE status in the next one to two years. The ratings on DBM will move in tandem with the sovereign ratings. HONG KONG (S&P Global Ratings) Aug. 22, 2016--S&P Global Ratings today lowered its long-term issuer credit rating on the Development Bank of Mongolia (DBM) to 'B-' from 'B' after downgrading the sovereign on Aug. 19, 2016. The outlook on the long-term issuer credit rating on DBM is stable. We also affirmed our 'B' short-term rating on DBM. This rating action came after...
