CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the notes issued by various Sierra Timeshare Receivables transactions as detailed below: Sierra Timeshare 2011-1 Receivables Funding, LLC --Class A notes at 'Asf'; Outlook Stable; --Class B notes at 'BBBsf'; Outlook Stable; --Class C notes at 'BB-sf'; Outlook Stable. Sierra Timeshare 2012-1 Receivables Funding, LLC --Class A notes at 'Asf'; Outlook Stable; --Class B notes at 'BBBsf'; Outlook Stable. Sierra Timeshare 2013-1 Receivables Funding