...HONG KONG (Standard & Poor's) Sept. 18, 2015--Standard & Poor's Ratings Services today assigned its 'B' long-term and 'B' short-term foreign currency rating to a proposed global medium-term notes (MTN) program of Trade and Development Bank of Mongolia LLC (TDB: B/Negative/B) under which the bank may issue notes up to a maximum aggregate amount of US$500 million. We also assigned our 'B' long-term foreign currency rating to a proposed drawdown under the program. TDB may increase the size of the program in accordance with the terms of the program agreement. The issue ratings are subject to our review of the final issuance documentation. We have equalized the issue ratings on the proposed MTN program and drawdown with the issuer credit ratings on TDB. This is because the notes issued under the program will rank equally among themselves and with all other present and future unsecured and unsubordinated obligations of the bank, except obligations required to be preferred by law. TDB intends...
