CIT is preparing a $750 million securitization of small-ticket equipment leases, according to Standard & Poor’s.

CIT Equipment Collateral 2014-VT1 will issue five classes of notes paying fixed rates of interest: S&P has assigned a preliminary ‘A-1’ rating to $233 million of notes maturing in December 2015; an ‘AAA’ rating to $232 million maturing in May 2017 and $230.7 million maturing in October 2019; an ‘AA’ rating to $26.5 million maturing in February 2020; and an ‘A’ rating to $27.7 million maturing in October 2022.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.