MIFA Calls Meeting as Rating is Withdrawn

SANGERHAUSEN, Germany - Having failed last month to win online approval for a sought-after delay, executives at listed German maker MIFA Mitteldeutsche Fahrradwerke AG will convene a meeting of investors on July 23rd to determine the fate of an interest payment on its year-old bond issue. Meanwhile, the shadowy state of the company’s finances saw a German ratings agency suspend its evaluation of the 25 million euro security.