DBRS Rates World Financial Network Credit Card Master Note Trust Series 2009-VFN

DBRS has confirmed the following ratings on June 21, 2010 to the World Financial Network Credit Card Master Note Trust, Series 2009-VFN:

-- $1,145.6 million Class A rated at AAA
-- $54.4 million Class M rated at AA

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Credit Card Securitizations, which can be found on the DBRS website under Methodologies.

This is a Structured Finance rating.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
21-Jun-10	Class A	AAA (sf)	--	New Rating	US
21-Jun-10	Class M	AA (sf)	--	New Rating	US

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World Financial Network Credit Card Master Note Trust Series 2009-VFN

Class A

Class M

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

Jul 08, 2010