OVERVIEW We reviewed the ratings on 27 bonds issued from the New Jersey Higher Education Student Assistance Authority's 1998 indenture. This master trust is backed by a pool of private student loan collateral. We affirmed our 'A (sf)' ratings on all of the bonds due to continued stable performance of the underlying student loans and credit enhancement that we believe is sufficient for the current ratings. NEW YORK (Standard&Poor's) Dec. 6, 2012--Standard&Poor's Ratings Services today affirmed its ratings on 27 student loan revenue bonds issued from New Jersey Higher Education Student Assistance Authority's (NJHESAA) 1998 indenture (see list). The trust, created by the 1998 Indenture, issued multiple series of bonds and was originally backed by both
