New York, June 02, 2016 -- Moody's Investors Service upgraded the senior unsecured rating of CIT Group Inc. to Ba3 from B1. Moody's also assigned a Baa3 long-term deposit rating, a Prime-3 short-term deposit rating, a Ba3 Issuer rating, and a ba2 baseline credit assessment (BCA) and adjusted BCA to CIT Bank, N.A. (see detailed ratings list below). The outlook for the ratings is stable.

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