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More European CDO downgrades: Is it worse than we originally thought? European market struggles as new impacts surface

As the first European CDO with a 100% European asset pool was downgraded last week due to faltering credit quality, the outlook for more downgrades might be graver than originally expected.

Sirius Finance 2000 Plc was downgraded last week, and all tranches of notes were affected: a 52.6 million...

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