Fitch Ratings affirms and assigns Rating Outlooks to the following classes of Ford Credit Auto Lease Trust 2009-A as detailed below:
--Class A-2 at 'AAA'; Outlook Stable;
--Class A-3 at 'AAA'; Outlook Stable.
Outlooks are assigned based on Fitch's expectation that any near-term deterioration would not materially impact the loss coverage levels at the current ratings. As detailed in Fitch's Sept. 11, 2008, report 'Introducing Rating Outlooks for U.S. Structured Finance Bonds', Outlooks are intended to be forward looking and indicate the likely direction of any rating change over a one- to two-year period.
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.
Contacts:
Fitch Ratings, New York
David Petu, CFA, 212-908-0280
Benjamin
Tano, 212-908-0871
Juveria Mozaffar, 312-606-2335, Chicago
or
Media
Relations:
Sandro Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com