NEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to assign the following ratings to World Financial Network Credit Card Master Note Trust's asset-backed notes, series 2012-D:
--$350,000,000 class A fixed-rate 'AAAsf'; Outlook Stable;
--$17,500,000 class M fixed-rate 'AAsf'; Outlook Positive;
--$22,166,000 class B fixed-rate 'A+sf'; Outlook Positive;
--$58,334,000 class C fixed-rate 'BBBsf'; Outlook Positive;
--$18,667,000 class D fixed-rate 'NR'.
Fitch's ratings are based on the underlying receivables pool, available credit enhancement, World Financial Network Bank's underwriting and servicing capabilities, and the transaction's legal and cash flow structures, which employ early redemption triggers.
The presale report is available to all investors on Fitch's corporate site 'www.fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than 20 asset classes, contact product sales at +1-212-908-0800 or at 'firstname.lastname@example.org'.
Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable criteria available at 'www.fitchratings.com':
--'Global Credit Card ABS Rating Criteria' (June 22, 2012);
--'Global Structured Finance Rating Criteria' (June 6, 2012).
Applicable Criteria and Related Research: World Financial Network Credit Card Master Note Trust, Series 2012-D
Global Credit Card ABS Rating Criteria
Global Structured Finance Rating Criteria
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Source: Fitch Ratings