June 14, 2017 / 6:25 PM / 2 months ago

BRIEF-Fitch says growth, profitability under pressure for U.S. captive finance companies

June 14 (Reuters) - Fitch:

* Fitch says growth and profitability under pressure for U.S. Captive finance cos

* Fitch says U.S. ‍captive finance cos likely to face continued pressure on profitability due to rising credit losses, declining residual values, higher funding costs

* Fitch says portfolio growth for U.S. Captive finance cos likely to moderate over near term, particularly for consumer-oriented cos

* Fitch, on U.S. Captive finance cos, says ‍weaker credit performance likely to continue in 2017 with charge-offs, delinquencies climbing from historically low levels Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below