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Fitch Affirms Atlantic's 'F1' CP Rating

The affirmation is based on the analysis of the underlying collateral quality, the credit and liquidity support, and the legal structure of the program. The analysis was conducted based on the report as of Dec. 31, 2009 and the following factors were considered:

--The collateral consisting of diversified pools of assets totaling 59 transactions in eight different asset types, each transaction with transaction specific credit enhancement.

--Program-wide credit enhancement sized at 10% of the aggregate principal amount of the purchases excluding assets explicitly or shadow rated 'AA' or higher, with a floor amount of $50 million.

--Fitch's portfolio simulation analysis indicating that the level of program-wide credit enhancement is sufficient to support a 'F1' rating.

--Committed liquidity facilities that, in total, are sized to a minimum of 100% of the ABCP outstanding.

--The financial and operational strength of the sponsor and the administrative agent, Credit Agricole Corporate and Investment Bank (formerly known as Calyon), currently rated 'AA-/F1+' by Fitch.

The following criteria reports are available at 'www.fitchratings.com':

--'Global Rating Criteria for Asset-Backed Commercial Paper' (Oct. 22, 2009);

--'Global Structured Finance Rating Criteria' (Sept. 30, 2009).

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

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Fitch Ratings
Amy Gan, +1-212-908-9143
Aoto Kenmochi, +1-212-908-0867
Sandro Scenga, +1-212-908-0278 (Media Relations)
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