OFFICIAL CORRECTION CIT Group ratings cut to 'A3/Prime 2' - Moody's - Consumer Finance Hub

Consumer Finance Hub Real Issues. Real Answers.

FEATURED PRODUCT


	Consumer Credit Templates
	Climb to the top of the priority list. Everyone that seeks to deal with debt collectors or credit bureaus should be armed with this template package. This collection of letter and fax templates is a powerful means to dealing with all three credit bureaus and debt collectors [more...]
	Price: Free	download today

FEATURED SERVICE


	Mortgage Refinance
	Learn your options with regard to refinancing the existing loan to lower your monthly payment, lower the interest rate, pull cash out or shorten the term of your existing home loan, we can match you with a home loan program that meets your specific needs. Our nationwide network of home loan and mortgage refinance professionals have access to literally hundreds of loan programs perfectly suited for those with less than perfect credit.
		free consultation

HOME	COMPANY	SERVICES	PRODUCTS	RESEARCH

Credit Research News

HOME :: RESEARCH :: CREDIT :: NEWS:: MAR 2008
OFFICIAL CORRECTION CIT Group ratings cut to 'A3/Prime 2' - Moody's

(Moody's (nyse: MCO - news - people ) amends earlier release to say it cut short-term ratings, not issuer ratings) Moody's Investors Service said it has downgraded financial services company CIT Group Inc (nyse: CIT - news - people )'s senior unsecured rating to 'A3' from 'A2' and also its short-term rating to 'Prime-2' from 'Prime-1' and left the long-term ratings on review for possible downgrade. Moody's said its downgrades and review reflects CIT's reduced funding flexibility amid severe credit market dislocations and expected weaker profitability stemming from higher borrowing and credit costs.

read entire article on Forbes.com

:: back to Credit Research News ::

HOME :: COMPANY :: SERVICES :: PRODUCTS :: RESEARCH
Consumer Finance Hub © 2008 :: Privacy Policy :: Legal Disclaimer

Powered By: Web Services and SOA