SQL Server 2008: Unable to initialize SSL support

Não era possível inicializar o serviço do MS SQL Server, os seguintes logs de erros eram gerados:

Id Event: 17182
Unable to initialize SSL support.

Id Event: 17120
SQL Server could not spawn FRunCM thread. Check the SQL Server error log and the Windows event logs for information about possible related problems

Id Event: 26014
Unable to load user-specified certificate [Cert Hash(sha1) "470AB0D265F3281B4A159DF064C6C071D3BB3491"]. The server will not accept a connection. You should verify that the certificate is correctly installed. See "Configuring Certificate for Use by SSL" in Books Online.

Solução:
Acessar o SQL Server Configuration Manager (selecionar a instância) e selecionar o certificado emitido para o computador, conforme print abaixo: