Moody’s Investors Service (“Moody’s”) has assigned (P)Ba1 ratings to CIT Bank, N.A.’s (“CIT Bank”) bank note program for both long-term senior unsecured and subordinated notes. Moody’s also assigned a rating of Ba1 to the senior unsecured notes that the bank intends to issue imminently. CIT Bank, N.A. is the banking subsidiary of CIT Group Inc. (senior unsecured Ba1).
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