November 30, 2017 / 1:29 AM / a year ago

BRIEF-Moody's expects real GDP growth in Mongolia to accelerate to 4.2 pct in 2017

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Nov 29 (Reuters) -

* MOODY’S: MONGOLIA’S CREDIT PROFILE INCORPORATES ITS STRONG GROWTH POTENTIAL, HIGH DEBT BURDEN AND FRAGILE EXTERNAL POSITION

* MOODY’S - MOODY’S EXPECTS REAL GDP GROWTH IN MONGOLIA TO ACCELERATE TO 4.2% IN 2017 AND 4.3% IN 2018, A SIGNIFICANT IMPROVEMENT ON 1.0% IN 2016‍

* MOODY'S ON MONGOLIA SAYS CONTINUED PRESSURE ON FOREIGN EXCHANGE RESERVES COULD LEAD TO A NEGATIVE RATING ACTION‍ Source: bit.ly/2AIyrpE

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