According to a source from Forbes article, MNC Group of Indonesia under Hary Tanoesodibjo had ammased a mountain of debt amounting to USD2.2 Billion in expanding the Mogul’s business empire in Media and Hospitality sector. Further on, the Magazine quoted an S&P analyst that the amount of short term debt or loan for the group in 2018 was estimated to be around USD800 Million and in respect of the financial performance from the group including the risk management going forward, the group bond was downgraded to BB- or Junk status by S&P.

The mogul was currently active in the country’s politics and had largely withdrawn from the day to day executive management of the MNC Group.

escveritasHotels/RestaurantsPropertyServicesdebt,Hary Tanoesoedibjo,Indonesia,MNC Group,TrumpAccording to a source from Forbes article, MNC Group of Indonesia under Hary Tanoesodibjo had ammased a mountain of debt amounting to USD2.2 Billion in expanding the Mogul's business empire in Media and Hospitality sector. Further on, the Magazine quoted an S&P analyst that the amount of short term...