Ratings On Three Mongolian Banks Affirmed Under Revised Criteria; Outlooks Stable

We have reviewed our ratings on Development Bank of Mongolia LLC, Trade and Development Bank of Mongolia LLC, and Golomt Bank of Mongolia under our revised "Financial Institutions Rating Methodology." We have affirmed the ratings on these banks; the outlooks are unchanged. HONG KONG (S&P Global Ratings) Feb. 17, 2022--S&P Global Ratings today affirmed its issuer and issue credit ratings on the following Mongolian banks. Our outlooks on the long-term ratings remain stable. Development Bank of Mongolia LLC (B/Stable/B) Trade and Development Bank of Mongolia LLC (B/Stable/B) Golomt Bank of Mongolia (B/Stable/B) The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions

...February 17, 2022 - We have reviewed our ratings on Development Bank of Mongolia LLC, Trade and Development Bank of Mongolia LLC, and Golomt Bank of Mongolia under our revised "Financial Institutions Rating Methodology." - We have affirmed the ratings on these banks; the outlooks are unchanged. HONG KONG (S&P Global Ratings) Feb. 17, 2022--S&P Global Ratings today affirmed its issuer and issue credit ratings on the following Mongolian banks. Our outlooks on the long-term ratings remain stable. - Development Bank of Mongolia LLC (B/Stable/B) - Trade and Development Bank of Mongolia LLC (B/Stable/B) - Golomt Bank of Mongolia (B/Stable/B) The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," published Dec. 9, 2021 and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). Our assessments...

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