| Title: | CIT Equipment Collateral 2008-VT1 |
| Price: | $300.00 |
| Publication Date: | May 07, 2008 |
| Report Type: | Pre-Sale Report |
| Brief Excerpt: | ...CIT Equipment Collateral ####-VT# (the "issu er" or the "trust") will be CIT's first transaction of #### and eighth transaction under the CITEC (VT) banner. CIT has a broad range of experience in the asset-backed securities market, with previous transactions in mid-ticket equipment, home equity, manufactured housing, recre- ational vehicles, and marine assets. Moody's provisional ratings for the ####-VT# transaction are based on: The quality of the collateral , which consists of a pool of leases secured by tech- nology, communications and general office equipment; Credit enhancement provided by subo rdination and cash collateral account. Credit enhancement for the ####-VT# tran saction is higher than the previous (####-VT#) transaction and reflects the comp osition of the collateral pool and its expected performance; The structural and legal integrity of the transaction; and The experience of CIT Financial USA, Inc. as servicer. The collateral underlying the current transaction... |
| Word Count: | 3393 |
| Length: | 6 Pages |
| Format: | 
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