DBRS Confirms and Upgrades Ratings on CIT Equipment Collateral 2010-VT1

DBRS, Inc. (DBRS) has confirmed and upgraded various classes of the CIT Equipment Collateral 2010-VT1 transaction as listed below. The collateral supporting the transaction has exhibited positive performance trends. The upgrades were based on an increase in credit support sufficient to withstand stresses at their newly assigned rating level. One class was discontinued due to repayment of the noteholders.

The following classes have been reviewed:

-- Class A-2 previously rated R-1 (high) (sf) is now Discontinued-Repaid.
-- Class A-3 has been confirmed at AAA (sf)
-- Class B previously rated AA (high) (sf) has been upgraded to AAA (sf)
-- Class C previously rated A (sf) has been upgraded to AA (sf)
-- Class D previously rated BBB (sf) has been upgraded to ‘A’ (sf)

Notes:
The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.