DBRS Discontinues CIT Group Inc. Ratings

DBRS has today discontinued all ratings of CIT Group Inc. and its related subsidiaries (CIT or the Company), including its Issuer Rating of D. The discontinuation reflects the cancellation of below listed securities. CIT filed a pre-packaged bankruptcy on November 1, 2009, subsequently all ratings of CIT were lowered to D, per DBRS policy. On December 10, 2009, CIT emerged from bankruptcy. DBRS intends to assign new ratings to CIT once DBRS has been able to assess the Company’s business plan, future earnings potential, capital structure and funding strategy.

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

The applicable methodologies are Rating Banks and Bank Holding Companies Operating in the United States and Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments which can be found on our website under Methodologies.

This is Corporate (Financial Institutions) rating.