Fitch Rates GE Dealer Floorplan Master Note Trust, Series 2012-4

NEW YORK--()--Fitch Ratings rates GE Dealer Floorplan Master Note Trust, series 2012-4 as follows:

--$600,000,000 class A notes 'AAAsf'; Outlook Stable;

--$12,632,000 class B notes 'Asf'; Outlook Stable;

--$18,948,000 class C notes 'BBBsf'; Outlook Stable.

Fitch's ratings are based on the diversified receivables pool, strong trust performance, sound origination and servicing practices of GE Commercial Distribution Finance, and transaction structure. The issuance of the 2012-4 series is not expected to adversely impact the performance of the outstanding series within the trust, which includes 2011-1, 2012-1, 2012-2, 2012-3 and any private series rated by Fitch.

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:

--'Global Rating Criteria for Dealer Floorplan ABS' dated Jan. 25, 2012;

--'Global Structured Finance Rating Criteria' dated June 6, 2012.

Applicable Criteria and Related Research:

Global Rating Criteria for Dealer Floorplan ABS

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=666405

Global Structured Finance Rating Criteria

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

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Contacts

Fitch Ratings
Primary Analyst
Sean Egeran, CFA, +1 212-908-0621
Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Hylton Heard, +1 212-908-0214
Senior Director
or
Committee Chairperson
John Bella, +1 212-908-0243
Managing Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Primary Analyst
Sean Egeran, CFA, +1 212-908-0621
Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Hylton Heard, +1 212-908-0214
Senior Director
or
Committee Chairperson
John Bella, +1 212-908-0243
Managing Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com