NEW YORK (Standard&Poor's) Aug. 27, 2010--Standard&Poor's Ratings Services today corrected to 'CCC- (sf)' from 'BBB- (sf)' its long-term rating on the class B certificates from CIT Group Securitization Corp. II's senior/subordinate pass-through certificates series 1995-2 (see list). The corrected rating reflects our view of the likelihood that the full principal amount of the class B certificates will be paid by its final maturity date. The class B certificates benefit from a guarantee of timely interest and limited principal issued by CIT Group Inc. (B+/Positive/--). We believe the limited principal obligations under the guarantee will likely be exhausted prior to the class B certificates' maturity but that the guarantee will likely continue to be available to pay
