Fitch Ratings has affirmed the following CIT Aviation Finance III Ltd. series 2014-1 notes: Class A-1 notes at ‘Asf’; Outlook Stable. The affirmation of the notes reflects the transaction’s consistent performance to date which has been within Fitch’s initial expectations. The Stable Outlook reflects Fitch’s expectation that cash flow from the portfolio of aircraft will continue to be adequate to withstand stresses commensurate with the current rating.

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