Mongolia May Raise Debt Amid Outflows, Moody’s Says
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Mongolia’s foreign currency reserves, down 40 percent in the last year, are on pace to run out by the end of 2014 unless the country can sell more debt, according to Moody’s Investors Service.
Should reserves expire, Mongolia could “issue another bond and that would buffer reserves for an extent,” Anushka Shah, Moody’s lead analyst on the Central Asian nation, said by phone yesterday.