Most fund managers see another U.S. downgrade

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Most fund managers see another U.S. downgrade (by V. Phani Kumar)

NEW YORK (MarketWatch) -- The U.S. is expected to receive a further ratings downgrade before the end of 2013, according to several fund managers surveyed by BofA Merrill Lynch in November. The monthly release from the investment bank found that 53% of the global panel of managers surveyed believe a ratings downgrade of the U.S. could take place before the end of 2013, with about 36% predicting a rating change in 2012. The survey covered 258 panelists with $665 billion of assets under management in all, while the global survey panel consisted of 188 managers in charge of $514 billion in assets.

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