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The well gets shallower; CIT's funding problem likely to trickle down to needy companies
- Source :
- The Wall Street Journal Eastern Edition. March 21, 2008, pC1, 1 p.
- Publication Year :
- 2008
-
Abstract
- As the usual funding sources dry up as a result of the credit market downturn, CIT Group Inc. reports that it must draw upon its complete $7.3 billion line of backup credit. CIT shares dropped 17% on Thursday, to $9.63.
- Subjects :
- CIT Group Inc. -- Finance
CIT Group Inc. -- Securities
Commercial finance companies -- Finance
Commercial finance companies -- Securities
Stocks -- Prices and rates
Corporations -- Finance
Corporations -- Management
Company financing
Company securities
Company business management
Company pricing policy
News, opinion and commentary
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Database :
- Gale General OneFile
- Journal :
- The Wall Street Journal Eastern Edition
- Publication Type :
- News
- Accession number :
- edsgcl.176935903