Fitch Affirms JPMorgan Auto Receivables Trust 2006-A.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has affirmed the following JPMorgan Auto Receivables Trust (JPMART) 2006-A asset-backed notes: --Class A-2 asset-backed notes at 'AAA'; --Class A-3 asset-backed notes at 'AAA'; --Class A-4 asset-backed notes at 'AAA'; --Class B asset-backed notes at 'A'; --Class C asset-backed notes at 'BBB'. The securities issued from the owner trust structure are backed by a pool of retail installment sales contracts secured by new and used automobiles and light-duty trucks originated by Ohio Savings Bank (OSB OSB abbr. Order of Saint Benedict ) and The South Financial Group (TSFG TSFG The South Financial Group ). The collateral continues to perform within Fitch's expectations. Currently under the credit enhancement structure, the securities can withstand stress scenarios consistent with the rating categories and still make full payments of interest and principal in accordance with the term of the documents. The ratings of the notes reflect the high quality of the underlying retail installment sales contracts, available credit enhancement, the sound legal and cash flow structure, and the underwriting strength and servicing experience of OSB and TSFG. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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