Burford Capital Ltd may seek a credit rating on its bonds and even raise finance by securitizing some of the litigation claims that short-seller Muddy Waters says it may be overstating in financial statements.
Burford’s Chief Executive Officer Christopher Bogart told analysts on a conference call that the company may request a review of its business from a major credit ratings agency, according to people who listened to the call Aug. 14 and asked not to be named discussing its contents.
He did not provide a timeline or forecast of the possible rating for the London-listed firm’s $620 million of ...
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