TEXT-Fitch: Mongolia election won't solve credit pressures | Reuters: "(The following statement was released by the rating agency)
July 03 - The Mongolian economy is overheating, fueled by a mining boom and soaring government spending, but promises from the newly elected coalition parties to distribute the spoils of mineral wealth means fiscal buffers are unlikely to be significantly strengthened after the election. This makes Mongolia vulnerable to a re-run of its 2007-2009 economic crisis if prices for the country's commodity exports fall sharply for a sustained period."
'via Blog this'
