Fidelity Moneybuilder taken to AAA by S&P

ratings

s&p's review of high income funds has expanded the club of top rated vehicles to four

Eleven fixed interest funds have been upgraded and eight have achieved new ratings in Standard & Poor's latest review of its High Income sector. Just two funds suffered downgrades, six fell to not rated after failing the initial screening and 12 are no longer covered since S&P removed several niche fixed interest areas from its mandatory rating service. Fidelity's MoneyBuilder Income fund was the only fund upgraded to AAA, joining just three others with that rating. The agency said during the past year, Fidelity's credit team in London has been strengthened and analysts now work more cl...