We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Dragging it out

14 July 2009 By Robert Cyran

The corporate lender needs liquidity desperately. Asset sales are problematic and CIT s tripleC rating precludes accessing debt markets without a government guarantee. Yet the firm has the means to soldier on for several more months in hope of a rescue.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)