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Costs fall to insure debt of U.S. lender CIT

Wed Jul 15, 2009 9:19am EDT

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NEW YORK, July 15 (Reuters) - The cost to insure the debt of U.S. lender CIT Group Inc (CIT.N) fell early on Wednesday.

CIT's credit default swaps slipped to about 34 percent as an upfront cost, from 40 percent late on Tuesday, according to Phoenix Partners Group data. (Reporting by John Parry; Editing by Theodore d'Afflisio)



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