According to a report from Montsame News Agency on July 3, the Organization for Economic Cooperation and Development (OECD) has upgraded Mongolia’s credit risk assessment from the highest risk level of 7/7 to 6/7. This decision was made during an OECD meeting on credit risk classification held on June 27.
During the meeting, credit risks for more than 40 countries were reviewed, with changes applied to only three nations. Mongolia’s improved rating enhances its reputation in international financial markets, offering better conditions for foreign investment and financing for both government and private sectors. Additionally, financing costs, particularly credit risk fees from OECD member export credit agencies and international financial institutions, are expected to decrease by 3% to 6%, reducing medium- and long-term export financing expenses.
The upgrade is expected to reduce financial pressure on the national budget and private enterprises, increase opportunities for foreign investment, strengthen investor confidence in Mongolia, and improve the competitiveness of local manufacturers and exporters in global markets.