Fitch Rates Wells Fargo Stage Trust, Series II 2013-1A Floater & Residual Ctfs

  Fitch Rates Wells Fargo Stage Trust, Series II 2013-1A Floater & Residual
  Ctfs

Business Wire

NEW YORK -- February 20, 2013

Fitch Ratings assigns the following ratings to the floater certificates and
residual certificates of the Wells Fargo Stage Trust series listed below:

--Series 2013-1A Floaters 'AAA/F1+', Stable Outlook; residuals 'AAA', Stable
Outlook.

The long-term 'AAA', Stable Outlook ratings assigned to the series 2013-1A
floaters and residuals are based on the rating that Fitch has assigned to the
Harris County, Texas Toll Road Unlimited Tax and Subordinate Lien Revenue
Refunding Bonds, Series 2007C (rated 'AAA', Stable Outlook) that have been
deposited in the trust.

The 'F1+' short-term rating assigned to the floaters is based on the liquidity
facility provided by Wells Fargo Bank, N.A. (rated 'AA-/F1+', Stable Outlook).
The short-term rating will expire on Jan. 15, 2014, the expiration date of the
liquidity facility, unless such date is extended or earlier terminated.

Additional information is available at 'www.fitchratings.com'. The ratings
above were solicited by, or on behalf of, the issuer, and therefore, Fitch has
been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Criteria', Feb. 28, 2012;

--'Guidelines for Rating Tender Option Bonds', May 10, 2012.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=672570

Guidelines for Rating Tender Option Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678533

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Contact:

Fitch Ratings
Primary Analyst:
Richard Park, +1-212-908-0289
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Trudy Zibit, +1-212-908-0689
Managing Director
or
Committee Chairperson:
Linda Friedman, +1-212-908-0727
Senior Director
or
Media Relations
Elizabeth Fogerty, New York, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
 
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