Almost 40% of respondents to a survey by ratings agency Fitch think another Long-Term Refinancing Operation from the European Central Bank will be required next year, echoing bankers, cited by Financial News, who said in April that a third round of funding was likely.

Fitch said in a note this afternoon that European investors were moving towards the possibility of another LTRO next year, after 38% of respondents to its quarterly credit market investor poll said such a move would be necessary.