Fitch Takes Actions on Education Lending Group, Inc. – CIT Education Loan Trust 2005-1

Fitch Ratings has taken rating actions on Education Lending Group, Inc. – CIT Education Loan Trust 2005-1 (CIT 2005-1) as follows: — Class A-3 notes affirmed at ‘AAAsf’; Outlook Stable; — Class A-4 notes affirmed at ‘AAAsf’; removed from Rating Watch Negative and assigned a Stable Outlook; –Class B notes upgraded to ‘AAsf’ from ‘A+sf’; removed from Rating Watch Negative and assigned a Stable Outlook. KEY RATING DRIVERS U.S. Sovereign Risk: The trust collateral consists of Federal Family Education Loan Program (FFELP) loans, with guarantees provided by the transaction’s eligible…

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