DBRS Discontinues Rating of CIT Group’s Series A Notes

DBRS, Inc. (DBRS) has today discontinued the rating of the Series A Notes issued by CIT Group Inc. (CIT or the Company). The Notes were paid in full on March 9, 2012. Today’s rating action does not impact the Issuer Rating of CIT, which remains at BB (low), with a Positive trend.

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

The principal applicable methodology is Rating Finance Companies Operating in the United States, which can be found on the DBRS website under Methodologies.

The sources of information used for this rating include company documents. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Lead Analyst: Steven Picarillo
Rating Committee Chair: Alan G. Reid
Initial Rating Date: 17 May 2010
Most Recent Rating Update: 13 February 2012

For additional information on this rating, please refer to the linking document under Related Research.