New York, July 22, 2014 -- Moody's Investors Service has placed CIT Group Inc's Ba3 senior unsecured debt and senior unsecured bank credit facility ratings on review for possible downgrade. In addition, Moody's affirmed CIT's Ba3 corporate family rating with a stable outlook. The rating actions follow the company's announcement that it has entered into an agreement to acquire OneWest Bank for $3.4 billion.
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