Update: Fitch to Rate CIT Equipment Collateral 2008-VT1; Issues Presale

2008-05-07 23:36:09 -

- This is an update to a press release issued on May 6, 2008. What follows replaces that press release:

Fitch expects to rate CIT Equipment Collateral 2008-VT1 as follows:

--$200,000,000 class A-1 'F1+';

--$152,000,000 class A-2 'AAA';

--$200,751,000 class A-3 'AAA';

--$18,837,000 class B 'AA';

--$26,866,000 class C 'A';

--$19,145,805 class D 'BBB'.

For more information see the CIT Equipment Collateral 2008-VT1 presale report, available to all investors on Fitch's corporate site, www.fitchratings.com.

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, Chicago
Du Trieu, 312-368-2091
Peter Manofsky, 312-368-2068
Ravi Gupta, 312-368-2058
or
Media Relations:
Sandro Scenga, 212-908-0278, New York