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- Fitch Places CIT on Rating Watch Negative
- NEW YORK -- Fitch Ratings has placed the Issuer Default Rating IDR and debt ratings of CIT Group Inc. CIT on Rating Watch Negative as follows: CIT Group Inc.: --Long-term IDR at 'A'; --Short-term IDR at 'F1'; --Senior debt at 'A'; --Subordinated/preferred at 'A-' ...
- Research articles 2008-03-19
- Fitch Comments on CIT's Proposed Acquisition of ELG
- NEW YORK -- Fitch Ratings believes that CIT Group Inc.'s CIT proposed acquisition of Education Lending Group ELG will have no impact on the company's existing ratings and Rating Outlook. Fitch currently rates CIT and debt guaranteed by CIT but issued by AT&T Capital Corp. and Newcourt Credit Group...
- Research articles 2005-01-05
- Fitch Ratings Affirms CIT; Rating Outlook Stable
- Business Editors NEW YORK--BUSINESS WIRE--Jan. 30, 2003 Fitch Ratings affirms CIT Group Inc.'s CIT and related entities' senior debt, subordinated debt, preferred stock, and commercial paper ratings at 'A', 'A-', A-', and 'F1', respectively. The Rating Outlook is Stable. Approximately, $32 billion of debt and preferred stock are...
- Research articles 2003-01-30
- CIT Business Credit Completes $29 Million Financing for Publishers Clearing House
- Business Editors NEW YORK--BUSINESS WIRE--July 18, 2002 CIT Business Credit, a unit of CIT Group Inc. (NYSE:CIT) and a leading asset-based lender, announced today the completion of a $29 million financing facility for Publishers Clearing House, a leader in the direct marketing industry. The new financing includes...
- Research articles 2002-07-18
- Fitch Expects To Raise CIT's Sr Debt To 'A'; S-T To 'F1' Upon Separation
- Business Editors NEW YORK--BUSINESS WIRE--June 24, 2002 Fitch Ratings expects to raise CIT Group, Inc.'s CIT and related entities' senior debt, subordinated debt, and preferred stock upon successful completion of its IPO and effective separation from Tyco International. CIT Group, Inc.'s CIT current senior debt, subordinated debt, and...
- Research articles 2002-06-24
- CIT Bankruptcy Plan May Win OK at December 8 Hearing
- By Jonathan Stempel NEW YORK (Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's CITGQ reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are on a very fast track," Judge Allan Gropper said...
- News items 2009-11-03
- CIT, Icahn Agree on Restructuring Plan
- NEW YORK (Reuters) - Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender. CIT shares slumped almost 17 percent to 79 cents, after being...
- News items 2009-10-30
- Wall Street Dragged Lower By Financials
- By Chuck Mikolajczak NEW YORK (Reuters) - Stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery. Financial stocks, which had gained about 25 percent in the last month,...
- News items 2009-08-12
- CIT Debt Swap Struggles, Bankruptcy Looms
- By Dan Wilchins and Paritosh BansalNEW YORK (Reuters) - CIT Group Inc CIT is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.The lender to small and medium-sized businesses said earlier this...
- News items 2009-10-12
- CIT Bankruptcy Plan May Win OK at December 8 Hearing
- By Jonathan StempelNEW YORK (Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's CITGQ reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end."We are on a very fast track," Judge Allan Gropper said at a...
- News items 2009-11-03
- CIT, Icahn Agreement Brings Bankruptcy Closer
- By Elinor ComlayNEW YORK (Reuters) - Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc's CIT efforts to launch a restructuring plan, said on Friday he was now backing the lender's pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said.Shares in...
- News items 2009-10-30
- CIT Secures $4.5 Billion Credit Facility
- By Elinor Comlay and Dan WilchinsNEW YORK (Reuters) - Commercial lender CIT Group Inc CIT, teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing.Lenders in the new facility will be among the first in line to collect money from CIT if it...
- News items 2009-10-29
- CIT Sweetens, Extends Debt Exchange Offer
- NEW YORK (Reuters) - CIT Group Inc CIT has extended and sweetened its debt exchange offer for some of its bondholders, the lender said in a regulatory filing on Monday.The extension applies to investors holding debt that funded CIT business in Canada, who are entitled to recover money from both...
- News items 2009-10-26
- CIT Presses Bondholders to Agree to Restructuring
- By Dan Wilchins and Caroline HumerNEW YORK (Reuters) - CIT Group Inc CIT warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.The company said that, without a debt exchange...
- News items 2009-10-24
- CIT, Goldman in Tentative Pact: Report
- NEW YORK (Reuters) - CIT Group Inc CIT, a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc GS over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter.An agreement over the...
- News items 2009-10-23
- CIT Debt Swap Struggles, Bankruptcy Looms
- By Dan Wilchins and Paritosh BansalNEW YORK (Reuters) - CIT Group Inc CIT is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.The lender to small and medium-sized businesses said earlier this...
- News items 2009-10-13
- CIT bankruptcy plan may win OK at Dec. 8 hearing
- By Jonathan Stempel of Reuters NEW YORK - A US bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end. "We are on a very fast track," Judge Allan Gropper said...
- News items 2009-11-03
Additional Resources
- Stock Watch:(NYSE:JPM) J.P. Morgan Chase & Co (NYSE:CIT) CIT Group Inc.,(NYSE: WM) Washington Mutual Inc. added to W.W. Rolling Stocks.
- M2 PRESSWIRE-8 April 2005-WillyWizard.com: Stock Watch:(NYSE:JPM) J.P. Morgan Chase & Co (NYSE:CIT) CIT Group Inc.,(NYSE: WM) Washington Mutual Inc. added to W.W. Rolling StocksC1994-2005 M2 COMMUNICATIONS LTD RDATE:09042005 Stock Watch:(NYSE:JPM) J.P. Morgan Chase & Co (NYSE:CIT) CIT Group Inc.,(NYSE: WM)...
- Research articles 2005-04-08
- Cit Group Orders 90 Emd Locos - CIT Group Inc. buys Electro-Motive Division locomotives - Brief Article
- The CIT Group, Inc., is racking up a row of firsts with its acquisition of 90 new locomotives--40 SD90MAC/4300 high speed units and 50 GP15D and GP20D road switchers--from the Electro-Motive Division of General Motors. "This acquisition marks the first ever of new locomotives for CIT and the first ever...
- Research articles 1999-10-01
- The CIT Group, Inc. and Bank of Montreal Announce Plans to Launch New Internet Automobile Financing Portal, New Site Will Speed Point-Of-Sale Financing For Dealer's Customers.
- LIVINGSTON, NJ/TORONTO, Nov 21, 2000 CIT Vendor Technology, an operating group of The CIT Group, Inc. (NYSE: CIT; TSE: CIT.U) and Bank of Montreal (TSE: BMO), today announced a plan to launch a new e-commerce venture -- an Internet portal -- that brings point-of-sale...
- Research articles 2000-11-22
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