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Myanmar appoints Citi and StanChart as credit rating advisors

Reuters - UK Focus

HONG KONG, Aug 12 (Reuters) - The government of Myanmar has appointed Citigroup (NYSE: C - news) and Standard Chartered (HKSE: 2888.HK - news) as advisors to help it win its first credit rating, the banks said on Wednesday.

A credit rating will pave the way for the Southeast Asian nation to access international capital markets. Reuters reported on July 17 that Citi and StanChart (HKSE: 2888-OL.HK - news) were set to win the mandate . (Reporting By Lawrence White; Editing by Miral Fahmy)