Fitch class action can probe rosy ratings of Sigma Finance

Article 2018-08-08 10:50 pm By Miklos Bolza | Sydney

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The lead applicant in an investor class action against Fitch Ratings will get its hands on internal reports detailing why the agency assigned a Triple A rating to Sigma Finance Corporation ahead of its 2008 collapse, and whether it could have predicted the fall of the $27 billion investment fund.

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