Inside Our Recent Rating Actions On Mongolia's Sovereign And Banks

S&P Global Ratings analysts held a live, interactive webinar on Tuesday, November 4, 2025, discussing our recent rating actions on Mongolia, including the sovereign upgrade and the upgrade of the Development Bank of Mongolia, as well as the positive outlook with affirmation on Trade and Development Bank JSC and Golomt Bank JSC.

Key discussion points included:

• The rationale behind the sovereign rating upgrade
• Implications for the banking sector following the sovereign upgrade
• Outlook on Mongolian banks' loan growth, asset quality, and financial performance
• Potential rating upside for major Mongolian banks

Speakers:

• YeeFarn Phua, Director, Sovereign Ratings, Asia
• Daehyun Kim, Director, Financial Services Ratings
• Heejin Lee, Associate Director, Financial Services Ratings
• Sunghyun Park, Associate Director, Financial Services Ratings

Moderator:

• HongTaik Chung, Managing Director, Financial Services Ratings, North Asia Ex-Japan

This webinar replay is free of charge.