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Assessments & Ratings

Several investor services organizations provide their clients or subscribers with corporate governance assessments, evaluations, and/or ratings or grades with respect to certain corporations with publicly traded securities. The reports prepared by these organizations vary in terms of the criteria used to evaluate corporate governance practices and policies and the assessment process. The published corporate governance ratings, grades, and evaluations reflect the opinions of those organizations and are not recommendations to buy, sell or hold any of CIT's securities.

Listed below are the investor services organizations that currently evaluate CIT's corporate governance. It should be noted that, due to confidentiality restrictions imposed by certain organizations, in some cases the information in this section may be incomplete. Full reports and/or ratings information may be available only to subscribers of the particular investor services organization. Individuals should visit the Web sites maintained by such organizations for information regarding (1) the ratings process and criteria utilized by each investor services organization and (2) how to subscribe to the services provided by the particular investor services organization.

CIT does not pay a fee to any of the investor services organizations listed below in connection with their issuance of corporate governance ratings.  The investor services organizations can change or withdraw their ratings at any time.

 

To access Moody's Investors Service's most current Corporate Governance Assessment of CIT, click on the link below.

Moody's Corporate Governance Assessment - dated December 2003

Moody's Corporate Governance Assessment update - dated December 2005
 

The Corporate Library, an independent research firm, has assigned the following corporate governance ratings to CIT (based on a scale of A through F):

  • TCL Rating: B
  • Governance Risk Assessment: Low

 

Due to confidentiality restrictions, CIT is not permitted to reproduce The Corporate Library's Company Profile report on this Web site. For more information regarding The Corporate Library and its corporate governance ratings policies and practices, please visit The Corporate Library's Web site at www.thecorporatelibrary.com.
 

GMI issues corporate governance ratings to companies based on a scale of 1 (lowest) to 10 (highest). GMI has assigned the following corporate governance rating to CIT:

  • Overall Global Rating: 9.5
  • Overall Homemarket Rating: 9.5

 

Due to confidentiality restrictions, CIT is not permitted to disclose GMI's Ratings Report on this Web site. For more information regarding GMI and its corporate governance ratings results, policies and practices, please visit GMI's Web site at www.gmiratings.com.
 

ISS Corporate Governance Quotient

Institutional Shareholder Services (ISS) has ranked CIT in the top echelon of companies surveyed in relative market and industry indices as part of the ISS Corporate Governance Quotient (CGQ) rating system.

CIT's score outperformed 90.0% of the S&P 500 companies rated by ISS, and 99.4% of the rated companies in the Diversified Financials Group.

The ISS CGQ rating takes into consideration the following core factors: (1) board structure and composition, (2) audit issues, (3) charter and bylaw provisions, (4) laws of the state of incorporation, (5) executive and director compensation, (6) qualitative factors (7) D&O stock ownership, and (8) director education. For more information about ISS CGQ ratings, please visit the ISS CGQ Web site at www.isscgq.com.