Fitch Affirms JPMorgan Auto Receivables Trust 2006-A

Business Wire, Oct 10, 2008

NEW YORK -- Fitch Ratings has affirmed all classes of asset-backed notes from JPMorgan Auto Receivables Trust (JPMART) 2006-A, as follows:

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class B at 'A';

--Class C 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) and The South Financial Group (TSFG).

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 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 are also available from the 'Code of Conduct' section of this site.