Fitch

Fitch's outlook in credit negative

Affecting money market funds

Experiencing frequent volatility

Predicts 'abrupt slowdown'

London particularly vulnerable

European HY funds lose €1.4bn

Fitch Ratings looks at capacity

Credit funds in firing line

Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.

Fitch has become the first ratings agency to threaten a US credit ratings downgrade over the latest debt ceiling impasse.