Fitch Rates Wells Fargo Stage Trust, Series 2009-26C Floater & Residual Certificates  

Business Wire, June 18, 2009

NEW YORK -- 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 (Trust) series 2009-26C. The long-term 'AA' rating, which is on Rating Watch Negative, is based on the higher of the rating that Fitch has assigned to the New York City Transitional Finance Authority building aid revenue bonds, fiscal 2009, series S-5 (currently rated 'A ' by Fitch) deposited in the Trust and the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA/F1 ' with the 'AA' long-term rating on Watch Negative by Fitch) securing the custodial receipts deposited into the Trust. The short-term 'F1 ' rating is based on the liquidity facility provided by Wells Fargo & Company. The 'F1 ' rating will expire on June 15, 2010, the expiration date of the liquidity facility, unless such date is extended or earlier terminated.

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.