Fitch: US Money Market Funds' Exposure to China Slowing

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NEW YORK--(BUSINESS WIRE)--The recent stresses striking the Chinese capital markets do not pose an immediate credit threat to Fitch-rated money market funds holding Chinese-backed paper, says Fitch Ratings. As of the end of July, 16 of 125 US prime money funds had exposure to Chinese issuers, based on data from Crane Data LLC. The median exposure among the 16 was 2.9% of each respective fund's total assets. The highest exposure among the 16 funds was 10.3% held by the $6.1 billion HSBC Prime Mo

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