Fitch revises Mogo view to negative

Fitch Ratings said it revised the outlook on Mogo Finance SA to negative from stable and affirmed its B-.

“The revision of the outlook to negative reflects that in Fitch’s view, the risks to Mogo’s credit profile are skewed to the downside due to the adverse economic effect of the coronavirus pandemic. The affirmation reflects that while rating headroom has been strengthened by recent shareholders’ loans and management actions, risks are still to the downside over the rating horizon,” said Fitch in a press release.

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