2008-09-11 23:50:02 -

- Following its monthly surveillance review, Fitch identified two of its $7.52 billion U.S. ABS Equipment Leasing/Loans transactions as 'Under Analysis', indicating that Fitch will be issuing a rating action within 30 days. Those transactions include the following:

--CIT Equipment Collateral 2005-EF1

--CIT Equipment Collateral 2006-VT2

Twenty-five Equipment Leasing/Loans transactions were designated with a SMARTView date of Sept. 11, 2008, indicating that no in-depth review is necessary.

To review a list of all deals Fitch currently has Under Analysis, please use the following link (accessible to all users of the Fitch web site): www.fitchratings.com/smartview

SMARTView, a recent addition to Fitch's Structured Finance Surveillance, Metrics, Analytics, Research, and Tools (SMART) products, monitors collateral performance in structured

finance bonds providing investors greater insight to Fitch's internal analytic screening process and furthers transparency by publicly identifying the deals that Fitch has identified as requiring an immediate review.

As Fitch receives monthly information on structured finance transactions from trustees and servicers, Fitch analysts run the data through various internal algorithms that identify classes of a transaction as possible candidates for upgrade or downgrade. Fitch's analysts scrutinize the output to decide which deals need a formal review, which are noted as 'under analysis', and those deals which can be given a SMARTView date.

SMARTView is available on the Fitch Ratings web site at www.fitchratings.com, along with the report titled 'SMARTView, Fitch U.S. Structured Finance Monthly Public Reviews'.

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.

Fitch Ratings
Du Trieu, 312-368-2091 (Chicago)
Mary MacNeill, 212-908-0785 (New York)
Sandro Scenga, 212-908-0278
(Media Relations, New York)