CIT Group (CIT -69%) is trying to raise $2B to stave off a bankruptcy, but analysts say it...

|About: CIT Group Inc. (CIT)|By:, SA News Editor

CIT Group (CIT -69%) is trying to raise $2B to stave off a bankruptcy, but analysts say it likely needs $4-6B or more - a big enough number to scare off any potential rescuers. CreditSights' advice to investors: "While it is possible that CIT could receive rescue financing, we believe the prudent course for bondholders is to brace for bankruptcy."