...OVERVIEW + We reviewed the ratings on 11 bonds issued from the Rhode Island Student Loan Authority's 2004 indenture. At the same time we removed the ratings from CreditWatch positive. This master trust is backed by a pool of private student loan collateral. + The raised ratings reflect the sufficiency of available credit enhancement to support the higher rating. NEW YORK (Standard & Poor's) Dec. 21, 2012--Standard & Poor's Ratings Services today raised its ratings on 11 student loan revenue bonds issued from Rhode Island Student Loan Authority's (RISLA) 2004 indenture (see list). At the same time, we removed the ratings from CreditWatch positive, where we placed them on Oct. 12, 2012. The raised ratings reflect our view of the credit enhancement available relative to our expectation of the collateral's performance. In addition, our analysis incorporated secondary credit factors, such as credit stability, payment priorities under certain scenarios, and sector- and issuer-specific analysis...
