Fitch Says Fixed-Income Investors See Euro Remaining Intact

Managers of about $7.2 trillion of European fixed-income assets see the euro area remaining intact, according to a survey by Fitch Ratings Ltd.

Thirty-three percent of respondents in the quarterly poll of investors said they expect a “move toward fiscal union” in the euro zone, while 31 percent see policy makers “muddling through” the debt crisis, Fitch said today in an e-mailed statement.

Five percent of investors see a “wide-scale breakup” of the currency union, while 9 percent expect multiple sovereign debt defaults, Fitch said.

The survey was conducted July 2 to Aug. 2 and Fitch will publish the full results in mid-August.

To contact the reporter on this story: Maria Tadeo in London at mtadeo@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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