Fitch Downgrades CIT's IDR to 'D' on Bankruptcy Filing - Press Release - 2009/11/02 - Fitch Research

Report title: Fitch Downgrades CIT's IDR to 'D' on Bankruptcy Filing

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445 word report published Nov 02, 2009

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Fitch Downgrades CIT's IDR to 'D' on Bankruptcy Filing 02 Nov 2009 12:12 PM (EST) Fitch Ratings-New York-02 November 2009: Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) of CIT Group Inc. (CIT) to 'D' from 'RD'...

Report Type:

Press Release

Company(ies):

CIT Bank Ltd., Cit Group (Australia) Limited, CIT Group Funding Company of Canada, The CIT Group, Inc.

Ticker(s):

CITGQ

Issuer:

CIT Group Funding Group of Canada, Inc

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Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

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