Cheyne Finance Sees Rating Slashed

15 Jul 2008

Cheyne Finance, the troubled British structured investment vehicle has seen its rating slashed to Ca from B2 by Moody’s Investors Service.

--Alex Sebastian

Cheyne Finance, the troubled British structured investment vehicle has seen its rating slashed to Ca from B2 by Moody’s Investors Service. The cut has been triggered by the fire-sale of assets that was recently approved following consultations with investors.

An auction of the portfolio will be carried ...

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