| Title: | SLM Student Loan Trust 2008-5 $4.08 Billion Notes Rated |
| Price: | $100.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) April 30, 2008--Standard&Poor's Ratings Services today assigned its ratings to SLM Student Loan Trust 2008-5's $4.08 billion student loan-backed notes (see list). The ratings on the class A notes reflect the 3.79% overcollateralization, the 3.00% subordination of the class B notes, the fully funded 0.25% reserve account, and the excess spread. The rating assigned to the class B notes reflects the 3.79% overcollateralization, the 0.25% reserve account, and the excess spread. The reserve account has a floor of 0.10% of the initial collateral balance to provide additional credit support as the pool amortizes. In addition, the ratings are supported by a sound legal structure, federal reinsurance of at least 97% of the loan |
| Brief Excerpt: | RESEARCH Ratings Definitions SLM Student Loan Trust ####-# $#.## Billion Notes Rated Publication date: ##-Apr-#### Primary Credit Analysts: Lyuda Ryabkova, New York (#) ###-###-####; lyuda_ryabkova@standardandpoors.com Mark O'Neil,... |
| Word Count: | 527 |
| Issuer: | SLM Student Loan Trust 2008-5 |
| Sector: | Structured Finance, Asset-Backed Securities |
| Country: | United States |
| Region: | United States |
| Format: | 
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