Rating Actions

Domestic credit ratings (Assigned by MIRA)

Issuer
TDB Leasing LLC
Tavan Bogd Finance NBFI LLC
Money Market Fund LLC
Netcapital Auto Collateralized Loan Issuer LLC
Sono Fintech NBFI LLC
Shunkhlai LLC
LendMN NBFI JSC
Invescore NBFI JSC
Ashid Capital NBFI LLC
Issue
TDB Leasing bond
Tavan Bogd Finance bond
Money Market Fund bond
Netcapital Auto bond
Sono bond
Shunkhlai bond
LendMN bond
Invescore bond
Simple I bond, Simple II bond, Simple III bond, Simple IV bond
Instrument Type
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Unsecured bond
Rating Action
Assign
Assign
Update
Update
Update
Update
Update
Update
Update
Amount
60,000 million MNT
60,000 million MNT
5,000 million MNT
20,000 million MNT
50,000 million MNT
100,000 million MNT
30,000 million MNT
80,000 million MNT
115,000 million MNT
Previous rating (Outlook)
BB+ (Evolving)
BB- (Evolving)
BBB- (Evolving)
A (Stable)
BBB (Evolving)
A (Stable)
BBB+ (Evolving)
Current Rating (Outlook)
BBB- (Evolving)
A- (Evolving)
BB+ (Evolving)
BB- (Evolving)
BBB- (Evolving)
A (Stable)
BBB (Evolving)
A (Stable)
BBB+ (Evolving)
Rating Date
2024.10.22
2024.09.18
2024.08.22
2024.08.22
2024.08.22
2024.08.22
2024.08.22
2024.08.22
2024.08.22
MIRA's credit rating scales

International credit ratings

Issuer
Mongolia
Khan bank JSC
Trade and Development Bank JSC
Golomt Bank JSC
XacBank JSC
State Bank JSC
Bogd Bank JSC
Capitron Bank LLC
Transport and Development Bank JSC
Development Bank of Mongolia LLC
Mongolian Mortgage Corp. HFC LLC
Mongolian Mining Corporation LLC
Rating Action
Update
Update
Update
Update
Update
Update
Update
Update
Update
Update
Update
Update
Moody's (Outlook)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B2 (Stable)
B3 (Negative)
B2 (Stable)
Rating Date
2024.11.18
2024.11.19
2024.11.19
2024.11.19
2024.11.19
2024.11.19
2024.11.19
2024.11.19
2023.06.16
2024.11.19
Fitch Ratings (Outlook-Watch)
B+ (Stable)
B+ (Stable)
B+ (Stable)
B+ (Stable)
B+ (Stable)
Rating Date
2024.09.18
2024.09.20
2024.09.20
2024.09.19
2024.10.10
S&P Global (Outlook)
B+ (Positive)
B+ (Stable)
B+ (Stable)
B+ (Positive)
B- (Stable)
Rating Date
2024.10.04
2024.10.09
2024.10.09
2024.10.04
2024.05.28

Source: www.moodys.com, www.fitchratings.com, www.spglobal.com – 19 November 2024.