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Fitch Rates Ford Credit Auto Lease Trust 2012-B

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns the following ratings to the Ford Credit Auto Lease Trust notes:

--$140,000,000 class A-1 'F1+sf';

--$290,000,000 class A-2 'AAAsf'; Outlook Stable;

--$280,000,000 class A-3 'AAAsf'; Outlook Stable;

--$49,423,000 class A-4 'AAAsf'; Outlook Stable;

--$37,000,000 class B 'AAsf'; Outlook Stable;

--$37,000,000 class C 'Asf'; Outlook Stable;

The presale report is available to all investors on Fitch's website at '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 'webmaster@fitchratings.com'.

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 and Related Research:

--'Global Structured Finance Rating Criteria', June 6, 2012;

--'Criteria for Rating U.S. Auto Lease ABS', May 14, 2012;

--'Counterparty Criteria for Structured Finance Transactions, May 30, 2012;

--'Structured Finance Tranche Thickness Metrics', July 29, 2011;

--'Global Economic Outlook - New Threats and Old Risks', June 15, 2012;

--'United States of America', August 19, 2012.

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Criteria for Rating U.S. Auto Lease ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678137

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678938

Structured Finance Tranche Thickness Metrics

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646951

Global Economic Outlook - New Threats and Old Risks

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=665251

United States of America

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=540024

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Fitch Ratings
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Source: Fitch Ratings