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Prospect News home > News index > List of issuers C > Headlines for CIT Group Inc. > News item
Published on 8/1/2012 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

DBRS: CIT Group unchanged

DBRS said CIT Group Inc.'s issuer rating of BB (low) remains unchanged following the company's the second-quarter of 2012 financial results.

The trend is positive.

Despite the slowing U.S. economy, CIT reported solid results, which is viewed as demonstrating the company's progress in strengthening underlying profitability and lowering the cost of funds, the agency said.


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