UPDATE 1-Moody's downgrades Fiat, bonds and shares fall

Newswire

(Adds fund manager, analyst comments, shares, bonds and background) MILAN, June 26 (Reuters) - Ratings agency Moody's downgraded Fiat's credit worthiness to one notch above "junk" on Wednesday, putting more pressure on the Italian carmaker's bonds and dragging its shares back towards their lowest level since 1992. Moody's Investor Service cited concerns about the outlook for Fiat's struggling vehicle businesses and suggested keeping the debt rating above junk status could hinge on ...

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