Moody’s and S&P cut Sigma MTN and CP ratings

Sigma Finance Corp, the $37bn SIV managed by Gordian Knot, has had its senior ratings cut by Moody’s and Standard and Poor’s. Even though Sigma has been relying more and more on repo funding, Gordian may not be able to overcome downgrades in its MTN and CP ratings. Read EuroWeek on Friday to find out more.