Fitch Rates Wells Fargo Stage Trust, Series 2009-70C Floater & Residual Ctfs

NEW YORK--(Business Wire)--
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, series
2009-70C. The long-term 'AA-' rating is based on the higher of the rating that
Fitch has assigned to the custody level credit enhancement provided by Wells
Fargo & Company (currently rated 'AA-/F1+' by Fitch) securing the custodial
receipts deposited in the trust and the rating that Fitch has assigned to the
Industrial Development Authority of the County of Pima, pollution control
revenue bonds, 2009 series A (Tucson Electric Power Company San Juan Project)
(currently rated 'BB+') deposited in the trust. The short-term 'F1+' rating is
based on the liquidity facility provided by Wells Fargo & Company. The 'F1+'
rating will expire on Sept. 15, 2010, the expiration date of the liquidity
facility, unless such date is extended or earlier terminated.

Additional information is available at 'www.fitchratings.com'.

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Fitch Ratings, New York
Mary Jane Ziga, +1-212-908-0529
Brian Bertsch, +1-212-908-0549 (Media Relations)
brian.bertsch@fitchratings.com
Sandro Scenga, +1-212-908-0278 (Media Relations)
sandro.scenga@fitchratings.com

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