DBRS Confirms Ratings on WFCMNT 2009-VFN

DBRS, Inc. (“DBRS”) has confirmed the AAA (sf) rating to the Class A Series 2009-VFN Floating Rate Asset Backed Notes and the AA (sf) rating to the Class M Series 2009-VFN Asset Backed Notes issued by the World Financial Capital Master Note Trust, Series 2009-VFN. The transaction has been outstanding for three years and performance is in line with DBRS expectations. The series is the only outstanding series in the trust. The confirmation is pursuant to the addition of three new portfolios as well as amendments to certain triggers and other items.

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.