CIT Group (CIT) -5% premarket after saying it won't be able to make a Sept. 15 interest payment....

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

CIT Group (CIT) -5% premarket after saying it won't be able to make a Sept. 15 interest payment. In a SEC filing, CIT said an undescribed 'trigger event' forced it to use "commercially reasonable efforts" to execute an alternative payment mechanism, which it was unable to implement.