(The following statement was released by the rating agency)
PARIS, April 29 (Fitch) Fitch Ratings has affirmed the ratings
of 17 out of the
18 funds managed by BlueBay Asset Management LLP and downgraded
the other. All
ratings have been withdrawn.
BlueBay Investment Grade Bond Fund was downgraded to "Strong"
from "Excellent".
BlueBay Investment Grade Absolute Return Bond Fund was affirmed
at "Good" while
the other 16 funds were affirmed at "Strong". The 16 funds are
as follows:
- BlueBay I
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