While The CIT Group, a New Jersey-based commercial finance company, has no plans to drastically alter its asset-backed program for 2001, the company hopes to be the number one issuer in equipment-based ABS, while expanding into the Canadian public market.

With about $4 billion in ABS issuance last year, including its first-ever equipment transaction under the CIT name, the company plans to concentrate on its equipment portfolio in 2001, and intends to match last year's issuance levels, said Frank Garcia, senior vice president, securitization, at CIT.

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