Fitch Upgrades 3 and Affirms 2 Classes of Two JPMorgan Auto Receivables Trusts

Fitch Upgrades 3 and Affirms 2 Classes of Two JPMorgan Auto Receivables Trusts
NEW YORK–(BUSINESS WIRE)–Fitch Ratings upgrades three and affirms two classes of two JPMorgan Auto Receivables Trusts (JPMART). 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. Although both transactions are currently under their target collateralization levels due to …
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Ericsson faces margin squeeze as sales improve
Is Ericsson’s glass half full or half empty? The Sweden-based telecom gear maker is at last enjoying the benefits of an upturn in demand, but much of the growth could come from less profitable areas.
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