/CHINA: Fitch analysts also noted a money......>

EGBS: /CHINA: Fitch analysts also noted a money market fund "transition risk in

European funds" as "the main risk European money fund reforms pose to ratings is

from unexpected disruption during the transition process. However, we expect

fund managers to take steps to mitigate risks, including strengthening liquidity

during the transition. The new rules will not change our approach to rating

money funds and therefore should not directly affect ratings unless funds'

underlying credit, market or liquidity risks increase."

- CHINA: Fitch said "China reforms" were "positive" as "October 2017 MMF reforms

in China will temper growth and reduce the degree of systemic risk posed by

MMFs, albeit without achieving complete convergence with regulatory standards in

fully developed markets. The impact on Fitch-rated MMFs is expected to be

limited."