| Title: | Pennsylvania Higher Education Assistance Agency, 1999 Series A |
| Price: | $55.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | New Issue |
| Brief Excerpt: | ...Fitch rates the bonds issued by the Pennsylvania Higher Education Assistance Agency (PHEAA), as liste d at left. The #### series A bonds were issued pursuant to the trust indenture dated June #, ####, and further supplemented by the third amendment to the trust indenture dated as of May #, ####, by and between PHEAA and Manufacturers and Traders Trust Company, the trustee. The ratings reflect the ability of the trust to pay the bonds principal by their legal final maturity and pay timely interest when due, in accordance with Fitch s cash flow stress scenarios commensurate with the ratings assigned to the bonds. Fitch s long-term rating on the #### series A bonds reflects the underlying performance of the trust collateral; the current credit enhancement, and the strength of the financial and legal structure of the transaction. The short-term rating of the bonds is based upon the liquidity facility, provided by Morgan Stanley Bank (MSB), which possesses a short-term issuer... |
| Word Count: | 4614 |
| Length: | 7 Pages |
| Format: | 
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