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Fitch Rates Wells Fargo Stage Trust, Series 2009-77C Floater & Residual Certificates
By: Business Wire | 05 Nov 2009 | 12:03 PM ET
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NEW YORK, Nov 05, 2009 (BUSINESS WIRE) -- Fitch Ratings assigns a rating of 'AA/F1+' to the floater certificates and a rating of 'AA' to the residual certificates of Wells Fargo Stage Trust, series 2009-77C.

The long-term 'AA' rating is based on the higher of the rating that Fitch has assigned to the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+' by Fitch) securing the custodial receipts deposited in the trust and the rating that Fitch has assigned to the Indiana Finance Authority, health system revenue bonds, series 2009A (Sisters of St.

Francis Health Services, Inc. Obligated Group) (currently rated 'AA') deposited in the trust.

The short-term 'F1+' rating is based on the liquidity facility provided by Wells Fargo & Company. The 'F1+' rating will expire on Oct. 15, 2010, the expiration date of the liquidity facility, unless such date is extended or earlier terminated.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.

PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE '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.

SOURCE: Fitch Ratings CONTACT: Fitch Ratings, New York Mary Jane Ziga, +1-212-908-0529 Media Relations Cindy Stoller, +1-212-908-0526 cindy.stoller@fitchratings.com Copyright Business Wire 2009 -0- KEYWORD: United States

North America

New York INDUSTRY KEYWORD: Professional Services

Banking

Finance SUBJECT CODE: Bond/Stock Rating

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