Mongolia - Credit Rating

Standard & Poor's credit rating for Mongolia stands at BB- with stable outlook. Moody's credit rating for Mongolia was last set at B1 with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Mongolia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Mongolia as reported by major credit rating agencies.

Agency	Rating	Outlook	Date
S&P	BB-	Stable	Oct 30 2025
Moody's	B1	Stable	Oct 16 2025
Moody's	B2	Stable	Nov 18 2024
S&P	B+	Positive	Oct 04 2024
Moody's	B3	Stable	Mar 16 2021
Moody's	B3	Negative	May 08 2020
S&P	B	Stable	Nov 09 2018
Moody's	B3	Stable	Jan 18 2018
Moody's	Caa1	Stable	Mar 30 2017
Moody's	Caa1	Negative Watch	Feb 15 2017
Moody's	Caa1	Stable	Nov 18 2016
Moody's	B3	Negative Watch	Aug 26 2016
S&P	B-	Stable	Aug 19 2016
S&P	B	Stable	Nov 03 2015
S&P	B+	Negative	Apr 29 2015
Moody's	B2	Negative	Jul 17 2014
Moody's	B1	Negative	May 26 2014
S&P	B+	Stable	Apr 29 2014
S&P	BB-	Negative	Apr 16 2013
S&P	BB-	Stable	Oct 29 2012
S&P	BB-	Positive	Dec 19 2011
S&P	BB-	Stable	Nov 20 2009
Moody's	B1	Stable	Oct 30 2009
Moody's	B1	Negative	Jun 10 2009
Moody's	B1	Negative Watch	Feb 05 2009
S&P	BB-	Negative	Dec 19 2008
S&P	BB-	Stable	Dec 13 2007
S&P	B+	Positive	Dec 22 2006
S&P	B	Positive	Dec 28 2005
Moody's	B1	Stable	Oct 04 2005
S&P	B	Stable	Sep 06 2002
S&P	B	Positive	Jun 14 2001
S&P	B	Stable	Dec 23 1999