Standard & Poor’s (S&P) credit ratings agency has raised Hong Kong Stock Exchange listed Mongolian Mining Corporation (MMC) credit rating from D to B.
According to the agency, the company's outlook is stable. S&P noted that the new assignment was based on MMC’s operations and capital structure.
MMC updated its credit structuring last year. The price of coking coal is expected to be stable for the next 12 months, and MMC should be able to maintain its flow of capital with domestic resources and sustain its convertibility. The agency also noted that it doesn’t assign a company with higher ratings than its nation. Mongolia’s credit rating currently stands at B-.
Standard & Poor’s (S&P) credit ratings agency has raised Hong Kong Stock Exchange listed Mongolian Mining Corporation (MMC) credit rating from D to B.
According to the agency, the company's outlook is stable. S&P noted that the new assignment was based on MMC’s operations and capital structure.
MMC updated its credit structuring last year. The price of coking coal is expected to be stable for the next 12 months, and MMC should be able to maintain its flow of capital with domestic resources and sustain its convertibility. The agency also noted that it doesn’t assign a company with higher ratings than its nation. Mongolia’s credit rating currently stands at B-.