CIT Group: Sink, Swim, or Sell? - Company Article - 2008/03/20 - CreditSights

Report title: CIT Group: Sink, Swim, or Sell?

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2894 word report published Mar 20, 2008

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Abstract: CIT tapped its bank lines as its historical funding model remains severely strained and agency downgrades cut-off CP access. Calling for assets sales and a strategic partner, but outright sale could ultimately be required

Brief Excerpt: CIT Group: Sink, Swim, or Sell? CIT Group tapped its ~$7.3 billion of bank lines on the heels of rating agency downgrades that cut-off commercial paper access coupled with ongoing severe funding pressures The company is calling for...

Report Type: Company Article
Source: CreditSights Inc
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