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Moody’s upgrades Mongolia’s rating to B3; outlook stable

Moody’s Investors Service has upgraded on Thursday the Government of Mongolia’s long-term issuer ratings and the senior unsecured ratings to B3 from Caa1, and the senior unsecured MTN program rating to (P)B3 from (P)Caa1. The short-term issuer ratings are affirmed at Not Prime. The outlook remains stable.

Mongolian Yokozuna leads Hatsu basho

Newly promoted to the sumo rank of ‘Yokozuna’, Mongolian Kakuryu Anand, is currently leading the Hatsu basho tournament with 8 wins.

Rio Tinto to open office in Mongolia

Rio Tinto plans to open an office in Mongolia’s capital and increase its workforce there, even as its Oyu Tolgoi copper and gold project has been hit with a new tax bill and has been blocked by protests from delivering to China.

Mongolia to ban low-grade coal

Mongolia is to ban the burning of low-grade coal in households in the capital Ulaanbaatar from April 2019, MP D.Khayankhyarvaa, said, as the country tries to curb toxic air pollution.

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