DBRS Rates CIT Equipment Collateral, Receivables-Backed Notes, Series 2010-VT1
DBRS has today assigned final ratings to the following classes issued by CIT Equipment Collateral 2010-VT1:
-- Series 2010-VT1 Notes, Class A-1 rated R-1 (high)
-- Series 2010-VT1 Notes, Class A-2 rated AAA
-- Series 2010-VT1 Notes, Class A-3 rated AAA
-- Series 2010-VT1 Notes, Class B rated AA (high)
-- Series 2010-VT1 Notes, Class C rated A
-- Series 2010-VT1 Notes, Class D rated BBB
This transaction represents the twelfth term securitization from the CIT Financial USA, Inc, the sponsor and servicer of the transaction since 2002.
Note:
All figures are in U.S. dollars unless otherwise noted.
The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.
This is a Structured Finance rating.
The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.
DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.
Ratings
| Issuer | Debt Rated | Rating Action | Rating | Trend | Notes | Published |
|---|---|---|---|---|---|---|
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class A-1 | Provis.-Final | R-1 (high) (sf) | -- | Mar 11, 2010 | |
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class A-2 | Provis.-Final | AAA (sf) | -- | Mar 11, 2010 | |
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class A-3 | Provis.-Final | AAA (sf) | -- | Mar 11, 2010 | |
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class B | Provis.-Final | AA (high) (sf) | -- | Mar 11, 2010 | |
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class C | Provis.-Final | A (sf) | -- | Mar 11, 2010 | |
| CIT Equipment Collateral 2010-VT1 | Receivable-Backed Notes, Series 2010-VT1, Class D | Provis.-Final | BBB (sf) | -- | Mar 11, 2010 |
