An equipment ABS deal has yet to price in the New Year; however, the market may be warming up as sector stalwart The CIT Group has recently renewed its S3 shelf filing with the Securities and Exchange Commission. CIT is expected to sustain the pace of origination set last year throughout 2005, sources said.

The new shelf differs little from the finance company's last S3 filing completed in January 2001. The shelf is good for $1 billion in receivable backed notes supported by collateral in the construction, transportation, manufacturing, logging, fitness and medical industries, to name a few.

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