Russia-Credit problems in meat industry.
RUSSIA-MEAT GROUP CREDIT RATING.Russia: Gazprombank to Determine RUB1.6 bln. Credit Risk Limit for Miratorg
6 april 2009
Gazprombank has determined RUB1.6 bln. credit risk limit for Agribusiness Miratorg. As the bank’s press-service reports to RUGRAD.EU, the funds will be spent on financing of the company’s current business operations.
At present, Kaliningrad region’s Miratorg is a co-owner of the meat ready-to-cook product manufacturing plant Sadia. The company’s Kaliningrad branch is also the largest retailer of meat and frozen ready-to-cook products in the territory of the region.