Although The CIT Group cranked up its ABS output in the first half of 2002 - exceeding all of its 2001 issuance - Chief Financial Officer Joe Leone has made it clear that CIT does not see itself as a "securitization company."

Furthermore, Leone said it will return to historically normal levels of issuance now that its IPO is complete and it is finally free of the beleaguered parent Tyco International.

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