Radar Telegram alerts Open Radar

The company MGCL, which manages the Mosgorlombard network, made a technical default, not paying a coupon for 24.66 million rubles on time, reports Russia Forbes. Earlier, according to the order of the Federal Tax Service, several of the company's subsidiaries were shut down, and within a week its shares fell by more than 50%. In September, the specialist RA agency downgraded MGCL to B and removed it amid a series of deals to buy small legal entities, which experts saw as an attempt to artificially inflate assets.

תרגם לעברית

Кролик с Неглинной · · Source

🇷🇺 Russia · Map

The company MGCL, which manages the Mosgorlombard network, made a technical default, not paying a coupon for 24.66 million rubles on time, reports Russia Forbes. Earlier, according to the order of the Federal Tax Service, several of the company's subsidiaries were shut down, and within a week its shares fell by more than 50%. In September, the specialist RA agency downgraded MGCL to B and removed it amid a series of deals to buy small legal entities, which experts saw as an attempt to artificially inflate assets.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram