Nov. 5, 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 2009-76C.
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 Montgomery County Higher Education and Health Authority, hospital revenue bonds, series A of 2009 (Abington Memorial Hospital Obligated Group) (currently rated 'A') 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.
