CHICAGO - (Business Wire) Fitch Ratings has assigned Rating Outlooks to the notes issued by Marriott Vacation Club Trust 2002-1, as detailed below: Marriott Vacation Club Trust 2002-1
--Class A-1 notes rated ‘AAA’; Outlook Stable;
--Class A-2 notes rated ‘AAA’; Outlook Stable;
--Class B notes rated ‘AAA’; Outlook Stable;
--Class C notes rated ‘AAA’; Outlook Stable;
--Class D notes rated ‘AA’;, Outlook Stable.
As detailed in Fitch's Sept. 11, 2008, report 'Introducing Rating Outlooks for U.S. Structured Finance Bonds', Rating Outlooks are intended to be forward looking and indicate the likely direction of any rating change over a one- to two-year period. Rating Outlooks may be Positive, Negative, Stable, or, occasionally, Evolving. Rating Outlooks will be reviewed concurrently with the rating review for the transaction and published in conjunction with the long-term rating (short-term ratings of 'F1+' are excluded from Rating Outlooks). Fitch's rating action commentary will include rationale for the Rating Outlook along with rationale for the long-term rating.
Fitch analyzed the qualitative and quantitative factors influencing each rated tranche to determine the appropriate Rating Outlook. Stable Outlooks were assigned to all tranches as they are expected to perform within Fitch's tolerance range for the current ratings.
Fitch will continue to monitor macro-level economic conditions and their impact as it relates to timeshare ABS and the trust level performance variables, and update the Rating Outlooks accordingly.
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: http://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, Chicago
Brad Sohl, 312-368-3127
Du Trieu, 312-368-2091
or
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