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Fitch Rates Wells Fargo Bank N.A. WFRBS Commercial Mortgage Trust 2012-C9

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CHICAGO--(BUSINESS WIRE)--

Fitch Ratings has assigned the following ratings to Wells Fargo Bank, N.A. WFRBS Commercial Mortgage Trust 2012-C9 commercial mortgage pass-through certificates:

--$86,171,000 class A-1 'AAAsf'; Outlook Stable;

--$110,387,000 class A-2 'AAAsf'; Outlook Stable;

--$444,199,000 class A-3 'AAAsf'; Outlook Stable;

--$96,213,000 class A-SB 'AAAsf'; Outlook Stable;

--$93,437,000 class A-S 'AAAsf'; Outlook Stable;

--$830,407,000*a class X-A 'AAAsf'; Outlook Stable;

--$101,334,000*a class X-B 'A-sf'; Outlook Stable;

--$64,485,000 class B 'AA-sf'; Outlook Stable;

--$36,849,000 class C 'A-sf'; Outlook Stable;

--$42,112,000a class D 'BBB-sf'; Outlook Stable;

--$21,057,000a class E 'BBsf'; Outlook Stable;

--$19,740,000a class F 'Bsf'; Outlook Stable.

*Notional amount and interest only.

a Privately placed pursuant to Rule 144A.

Fitch does not rate the $38,165,081 class G.

The certificates represent the beneficial ownership in the trust, primary assets of which are 73 loans secured by 100 commercial properties having an aggregate principal balance of approximately $1.05 billion as of the cutoff date. The loans were contributed to the trust by Wells Fargo Bank, National Association; The Royal Bank of Scotland plc; Liberty Island Group I, LLC; C-III Commercial Mortgage LLC and Basis Real Estate Capital II, LLC.

A detailed description of Fitch's rating analysis including key rating drivers, stresses, rating sensitivity, analysis, model, criteria application and data adequacy is available in Fitch's presale report dated Oct. 10, 2012.

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:

--'Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions' (Aug. 8, 2012);

--'Global Structured Finance Rating Criteria' (June 6, 2012);

--'Criteria for Special-Purpose Vehicles in Structured Finance Transactions' (May 30, 2012);

--'U.S. Commercial Mortgage Servicer Rating Criteria' (Feb. 18, 2011);

--'Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions' (Nov. 16, 2011);

--'Counterparty Criteria for Structured Finance Transactions' (May 30, 2012).

Applicable Criteria and Related Research:

Criteria for Analyzing Multiborrower U.S. Commercial Mortgage Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685995

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Criteria for Special-Purpose Vehicles in Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=680591

U.S. Commercial Mortgage Servicer Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=584005

Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=662869

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678938

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
Primary Analyst
Lauren Cerda, +1-312-606-2317
Senior Director
Fitch, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Committee Chairperson
Robert Vrchota, +1-312-368-3336
Managing Director
or
Media Relations
Sandro Scenga, +1 212-908-0278 (New York)
sandro.scenga@fitchratings.com













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