Verbraucher Mann Paketen

Fitch rates GE Capital Credit Card Master Note Trust, series 2009-4 notes as follows:

--$475,000,000 class A fixed-rate asset-backed notes (2009-4) 'AAA';
--$76,000,000 class B fixed-rate asset-backed notes (2009-4) 'A+';
--$52,250,000 class C fixed-rate asset-backed notes (2009-4) 'BBB+'.

The Rating Outlook is Stable for all classes.

The expected ratings reflect the available credit enhancement totaling 25% for class A, credit enhancement of 13% for class B, and credit enhancement of 4.75% plus an amount from a dedicated spread account for the class C notes. The expected ratings also reflect the quality of the underlying collateral pool, GE Money Bank's underwriting and General Electric Capital Corporation's servicing capabilities, and the transaction's financial and legal structures that employ early amortization triggers.

The following applicable criteria reports are also available on Fitch's web site at 'www.fitchratings.com': 'US Credit Card ABS Rating Criteria', dated March 10, 2008 and 'Global Structured Finance Rating Criteria', dated Sept. 30, 2009.

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

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