News
MOGO ADDRESSES QUERIES ON FINANCIAL COVENANTS
Riga, Latvia, 10 July 2020. Mogo Finance and the representative of the investors in the Euro bonds have agreed to temporarily increase the potential financial covenants headroom, in exchange of a liquidity undertaking that would ensure timely payment of interests. We would like to stress that no covenant breach of the Euro bonds has occurred…
Fitch Affirms Mogo at ‘B-‘; Outlook Negative
Fitch Ratings – Frankfurt am Main – 02 Jul 2020: Fitch Ratings has affirmed Mogo Finance S.A.’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Negative Outlook. A full list of rating actions is at the end of this rating action commentary. The Negative Outlook reflects that in Fitch’s view, the risks to Mogo’s…
Fitch Revises Outlook on Mogo to Negative; Affirms at ‘B-‘
Fitch Ratings-Frankfurt am Main-07 May 2020: Fitch Ratings has revised the Outlook on Mogo Finance S.A.’s Outlook Long-Term Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at ‘B-‘. A full list of rating actions is at the end of this rating action commentary. The revision of the Outlook to Negative reflects…
Mogo Finance reports Unaudited results for the three months ended 31 March 2020
In line with the announced commitment, Mogo Finance shareholders have injected additional EUR 5 million of capital during Q12020. This marks total new capital of EUR 10 million injected into the Group since September 2019 By following its…
Mogo Finance: Unaudited 3M 2020 results on 14 April 2020 – Invitation to earnings call on 15 April 2020
Riga, Latvia, 8 April 2020. Mogo Finance and its group companies (the “Group”), specialized in used car financing, cordially invites investors and analysts to a conference call with the Management Board on 15 April 2020, 15:00 CET, following the publication of its unaudited 3M 2020 results on 14 April 2020.
Message to investors from Mogo’s board
Together we are facing a dynamic and unprecedented situation with Covid-19. As we move forward and continue to work together, we want to reassure you our top priority remains serving our customers, stakeholders and taking care of our team members. As we look forward and we adapt ourselves to different restrictions imposed by local government…