SHORT-TERM FUNDING CRISIS CLAIMS LONDON FUND | By RODDY BOYD | Business News | Financial | Business and Money

SHORT-TERM FUNDING CRISIS CLAIMS LONDON FUND | By RODDY BOYD | Business News | Financial | Business and Money: "SHORT-TERM FUNDING CRISIS CLAIMS LONDON FUND By RODDY BOYD PrintEmailDigg ItRedditPermalinkStory Bottom August 30, 2007 -- The inability of finance companies to access short-term funding yesterday whacked another gilt-edged money manager whose asset-backed commercial paper program was unexpectedly downgraded. London-based Cheyne Capital began selling the assets underlying its $10 billion Cheyne Finance commercial paper program after Standard & Poor's on Tuesday knocked it down six notches. The blow to Cheyne's commercial paper program was stunning, as exactly two weeks ago S&P affirmed its triple-A rating."