DBRS Assigns Ratings to CIT Equipment Trust – VFC Series CBK1

DBRS, Inc. (DBRS) has assigned a AAA (sf) rating to the senior certificates issued by CIT Equipment Trust – VFC Series CBK1. The CIT Equipment Trust – VFC Series CBK1 senior certificates have been issued in an amount of up to $1,000,000,000. The assets securing the CIT Equipment Trust – VFC Series CBK1 senior certificates are a revolving pool of diversified equipment loans and leases. The committed revolving period of the facility expires in June 2014, and the facility has a final maturity in 2021. Barclays Bank PLC serves as Administrative Agent with three additional banks as committed lenders.

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.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.