2009-11-11 15:57:01 -

Fitch Ratings has affirmed the ratings and assigned Negative Outlooks to Currus IX Limited as follows.

-- $250,000,000 senior facility 'BBB';-- $3,125,000 subordinated B1 facility 'BBB';-- $3,125,000 subordinated B2 facility 'BBB'.

Fitch has applied the Global Structured Finance Rating Criteria for the review of this transaction. The ratings are based on the underlying collateral which consists of credit card asset-backed securities (ABS)

currently rated 'AAA', with a Stable Outlook; 'A', with a Negative Outlook; and 'BBB', with a Negative Outlook by Fitch. Payments under the credit facilities are reliant on the cash flow from the underlying assets.

The following applicable criteria report is available on Fitch's web site at ' www.fitchratings.com : '.

'Global Structured Finance Rating Criteria' dated Sept. 30, 2009.

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

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS : .

IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ' 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.

Fitch Ratings, New YorkSandro Scenga, +1-212-908-0278 sandro.scenga@fitchratings.com : mailto:sandro.scenga@fitchratings.com Amy
Gan, +1-212-908-9143Aoto Kenmochi, +1-212-908-0867