EXHIBIT 12.1

Computation of Ratios of Earnings to Fixed Charges
Six months ended June 30, (dollars in millions)

	CIT		Predecessor CIT
	2010		2009
Earnings:
Net income (loss) attributable to common shareholders (1)	$	239.4	$	(2,082.6	)
Provision for income taxes		113.6		20.7
Income (loss) before provision for income taxes		353.0		(2,061.9	)
Fixed charges:
Interest and debt expenses on indebtedness		1,651.4		1,290.7
Interest factor: one-third of rentals on real and personal properties		7.8		10.4
Total fixed charges		1,659.2		1,301.1
Total earnings before provision for income taxes and fixed charges	$	2,012.2	$	(760.8	)
Ratios of earnings to fixed charges		1.21x			(1)

(1) Earnings were insufficient to cover fixed charges by $2,061.9 million for the six months ended June 30, 2009.