Fitch Ratings has said it may cut the top, triple-A ratings of the structured investment vehicle run by specialist UK credit investor Gordian Knot, in the latest development in a public stand-off between the two companies that erupted last week.
The Wall Street Journal reports that the ratings agency said Friday it may lower the highest investment ranking on Sigma Finance's $31.6bn (â¬21.7bn) of outstanding senior bonds and could cut the F1+ short-term rating on $2.3bn in commercial paper sold by the SIV.
