Fitch

Fitch Ratings has joined up with Lipper to launch a fund rating service which combines Fitch's qualitative fund analysis with Lipper's rankings and performance data.

Fitch Ratings, the US fund rating service, is to launch a fund rating service covering UK funds as part of a new offering aimed at professional investors.

Fitch has downgraded Greece to CCC status, one notch above default, due to growing concerns private investors do not want to participate in any bailout of the country.