Press Release

DBRS Rates CIT Equipment Collateral, Receivables-Backed Notes, Series 2010-VT1

Equipment
March 11, 2010

DBRS has today assigned final ratings to the following classes issued by CIT Equipment Collateral 2010-VT1:

-- Series 2010-VT1 Notes, Class A-1 rated R-1 (high)
-- Series 2010-VT1 Notes, Class A-2 rated AAA
-- Series 2010-VT1 Notes, Class A-3 rated AAA
-- Series 2010-VT1 Notes, Class B rated AA (high)
-- Series 2010-VT1 Notes, Class C rated A
-- Series 2010-VT1 Notes, Class D rated BBB

This transaction represents the twelfth term securitization from the CIT Financial USA, Inc, the sponsor and servicer of the transaction since 2002.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.

This is a Structured Finance rating.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

Ratings

CIT Equipment Collateral 2010-VT1
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.