2008-02-28ft.com

'The cost of protecting European corporate debt against default rose on Thursday as investors lost faith in a start-of-the-week rally.Overnight, Moody’s hinted it may cut the Aaa rating of Sigma Finance, the SIV-like finance company run by London-based asset manager Gordian Knot, which could affect $27bn of debt, lead to forced sales and impact markets.'



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