LONDON, Feb. 14 /PRNewswire/ -- Standard & Poor's today affirmed its
'AAA/A-1+' ratings on Sigma Finance Corp., a limited purpose finance company,
and on its wholly owned subsidiary (see list below).
Standard & Poor's affirmations are based upon the following:
* Sigma Finance's high-quality asset portfolio;
* Market risk sensitivity;
* Capital adequacy and leverage; and
* Operational control and surveillance.
Standard & Poor's is in discussions with Sigma Finance's managers, Gordian
Knot Ltd., with regard to proposed structural changes to Sigma Finance. The
structural changes have not yet been implemented and will not be implemented
without Standard & Poor's confirmation that the changes will not negatively
affect Sigma Finance's ratings. Standard & Poor's considers that these
potential changes are broadly positive.
RATINGS AFFIRMED
Sigma Finance Corp.
Counterparty credit rating AAA/A-1+
Senior secured debt rating AAA
CP A-1+
Sigma Finance Inc.
Senior secured debt rating* AAA
CP* A-1+
* Guaranteed by Sigma Finance Corp.
SOURCE Standard & Poor's
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http://www.standardandpoors.com/ratings
CONTACT:
Kurt Sampson, +44-20-7826-3535, Perry Inglis,
+44-20-7826-3857, or Sarah A. Thomas Morgan, +44-20-7826-3623,
all of Standard & Poor's Ratings Services, London
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