Fitch Ratings affirmed Mongolian Mining's (HKG:0975) long-term foreign-currency issuer default rating at 'B+', with a stable outlook, according to a Monday ratings commentary.
Fitch expects earnings to recover in 2026, with EBITDA rising by around 100% due to higher coal prices and increased gold production.
Net leverage is forecast to fall to 0.3 times in 2026 from 0.9 times in 2025, while free cash flow is expected to turn positive.
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