TEXT-Fitch says US auto fin cos could have some pos rtg momentum

Newswire

(The following statement was released by the rating agency) U.S. auto finance companies could experience some positive ratings momentum in 2010, according to Fitch Ratings, given that many issuer ratings were at distressed levels in 2008 and 2009 and because government programs and direct aid have more recently helped to strengthen manufacturer balance sheets and liquidity. Still, the overall credit outlook remains cautious given the state of the U.S. economy and the continuation of weak ...

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