BRIEF-Jiangsu Zhongnan Construction wins land auction for 428 mln yuan
Fitch: Growth and Profitability under Pressure for U.S. Captive Finance Cos.
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: U.S. Captive Finance Companies: 2016 Review (Leverage Remains Elevated as Asset Quality Weakens) https://www.fitchratings.com/site/re/899435 NEW YORK, June 14 (Fitch) Captive finance companies are likely to face continued pressure on profitability due to rising credit losses, declining residual values and higher funding costs, according to a review of U.S. Captive Finance Companies from Fitch Ratings. In a