CIT ( Seite 5)

jetzt ist der Kurs auch noch fest gewachsen

Fitch Affirms CIT Equipment Collateral 2008-VT1

Fitch Ratings has affirmed the outstanding ratings on the CIT Equipment Collateral 2008-VT1 as follows:

--Classes A-2a, A-2b and A-3 at 'AAA';

--Class B at 'AA';

--Class C at 'A';

--Class D at 'BBB'.

The affirmations reflect increasing levels of credit enhancement available to all classes. Based on Fitch's review, current credit support remains sufficient for the notes at the current rating levels, despite a recent deterioration in performance. In particular, the transaction has continued to experience an uptick in both delinquencies and losses. As of the May 2009 reporting period, current delinquencies totaled 5.05%, slightly higher than the lifetime average of 4.45% for the transaction. Loss experience has been higher than in prior transactions, with cumulative net losses equaling 1.17%.

The higher loss and delinquency performance has been primarily driven by contracts within the Small Ticket (ST) segment of the pool. ST collateral has historically experienced higher losses than other collateral segments included in the pool. Approximately 83% of cumulative net losses in the 2008-VT1 transaction are directly related to ST collateral. ST collateral consists of loans and leases secured by office products, computers, point-of-sale equipment and other technology products. Currently, Small Ticket represents approximately 41% of the pool.

Fitch will continue to closely monitor these transactions and may take additional rating actions in the event of changes in performance and credit enhancement measures.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Antwort auf Beitrag Nr.: 37.297.354 von Jano57 am 01.06.09 18:48:41
Dann knacken wir die 4 $ eben morgen.

Gute Nacht

Antwort auf Beitrag Nr.: 37.298.733 von kirroyal am 01.06.09 22:13:59ob heute oder morgen oder nächste Woche

auch eine gute Nacht

NEW YORK, June 1 (Reuters) - Fitch Ratings on Monday cut its ratings on CIT Group Inc's senior debt, and said it may also cut the commercial lender's long-term issuer default rating and subordinated debt ratings, citing the company's need to obtain new funding to repay debt maturing in June.

CIT, which lends to Main Street and small and medium-sized businesses, converted to a bank holding company in the fourth quarter to qualify for U.S. government funds, but the Federal Deposit Insurance Corp (FDIC) has yet to approve its application.

If the company does not get approval it will need to seek alternative sources of secured funding to repay $1.5 billion of debt maturing in June 2009, Fitch said.

This would be detrimental to its unsecured lenders and would be unlikely to support intermediate debt maturities, Fitch said, adding it expects to cut CIT's issuer default rating by several notches under this scenario.

If CIT gets FDIC approval its ratings may still come under pressure as the company faces a difficult operating environment, Fitch added.

Fitch cut CIT's senior debt one notch to BB, two steps below investment grade, from BB-plus. The rating agency may cut CIT's long-term issuer default rating from BB-plus, and its subordinated debt from BB-minus, three steps below investment grade.

Antwort auf Beitrag Nr.: 37.299.924 von Jano57 am 02.06.09 09:43:19
Seit Dezember 2008 hat sich die Zone um 3,50 USD gelegentlich als Widerstand herausgebildet, jetzt kann sie als Unterstützung wirken (RT-Kurs soeben 3,54 USD). Das zurückgenommene Fitch-Rating hat zu keinem erhöhten Umsatzvolumen geführt. Wer aus Furcht verkaufen wollte, hat verkauft und die übrigen vertrauen auf die außergewöhnlich guten Fundamentaldaten. Wo findet man derzeit sonst noch ein bereinigtes KBV von 0,22!

Steht heute noch ein Grillfest an ?

Antwort auf Beitrag Nr.: 37.305.090 von zeitreisen am 02.06.09 19:46:52
Guten Tag,
die Unterstützung hat nicht gehalten. Die Unsicherheit über die Fortsetzung des Temporary Liquidity Guarantee Program (TLGP), auf das die CIT GROUP unbedingt angewiesen ist, belastet. Nachdem die Short-Quote auch nicht mehr besonders hoch ist, Short-Eindeckungen den Kurs also nicht treiben werden, habe ich erst mal meine Gewinne realisiert. Die Chance zum Wiedereinstieg kommt gewiss sehr bald.
zeitreisen