Fitch Takes Rating Actions on 38 Equipment Leasing ABS Transactions.

CHICAGO -- Following a portfolio review of 38 transactions in its equipment leasing/loans portfolio, Fitch has taken various rating actions on the following transactions:

--CNH Equipment Trust 2004-VA;

--CNH Equipment Trust 2005-A;

--DVI Medical Equipment Securitizations;

--GE Commercial Equipment Financing L.L.C., series 2004-A.

More detailed information on these specific actions is available in separate press releases issued earlier, all of which are available on the Fitch Ratings web site at www.fitchratings.com.

Fitch has also affirmed the following transactions:

Bank of America Lease Equipment Trust 2002-A

--Class A-4 'AAA';

--Class B 'AAA';

--Class C 'AA'.

CIT Equipment Collateral 2004-DFS

--Class A-3 'AAA';

--Class B 'AA';

--Class C 'A';

--Class D 'BBB'.

CIT Equipment Collateral 2004-EF1

--Class A-3 'AAA';

--Class B 'AAA';

--Class C 'AA';

--Class D 'BBB'.

CIT Equipment Collateral 2005-EF1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A';

--Class D 'BBB'.

CIT Equipment Collateral 2004-VT1

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AA'.

CIT Equipment Collateral 2005-VT1

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A';

--Class D 'BBB'.

CIT Equipment Collateral 2006-VT1

--Class A-1 'F1+'

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A';

--Class D 'BBB'.

CIT Equipment Collateral 2006-VT2

--Class A-1 'F1+'

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A';

--Class D 'BBB'.

GE Commercial Equipment Financing L.L.C., series 2003-1

--Class A-4 affirmed at 'AAA';

--Class B 'AAA'.

GE Commercial Equipment Financing L.L.C., series 2004-1

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A'.

GE Commercial Equipment Financing L.L.C., series 2005-1

--Class A-3a 'AAA';

--Class A-3b 'AAA';

--Class A-4 'AAA';

--Class B 'A';

--Class C 'BBB'.

GE Equipment Small Ticket L.L.C., series 2005-1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'A'.

GE Equipment Small Ticket L.L.C., series 2005-2

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'A'.

GMAC-CM Funding L.L.C. series 2003-A

--Class A 'AA';

--Class B 'BBB';

--Class C 'BB'.

GreatAmerica Leasing Receivables 2004-1, L.L.C.

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A'.

GreatAmerica Leasing Receivables 2005-1, L.L.C.

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A'.

GreatAmerica Leasing Receivables 2006-1, L.L.C.

--Class A-1 'F1+';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class B 'AA';

--Class C 'A'.

PBG Equipment Trust 1998-1

--Class A 'AA+';

--Class B 'A'.

Unicapital UCP 1999-1, L.L.C.

--Class A-4 'AAA';

--Class B 'C/DR6';

--Class C 'C/DR6'.

Unicapital UCP 2000-1, L.L.C.

--Class B 'C/DR6';

--Class C 'C DR6'.

Fitch's Distressed Recovery (DR) ratings, introduced in April 2006 across all sectors of structured finance, are designed to estimate recoveries on a forward-looking basis while taking into account the time vale of money. For more information on Distressed Recovery ratings, see the full report ('Structured Finance Distressed Recovery Ratings'), which is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.