...- We affirmed our ratings on two classes of notes from four Pennsylvania Higher Education Assistance Agency ABS transactions backed by FFELP student loans. - The affirmations reflect our view of the transactions' improving credit enhancement levels, collateral profiles, available liquidity, and payment structures. NEW YORK (S&P Global Ratings) Nov. 8, 2021--S&P Global Ratings today affirmed its '### (sf)' ratings on two senior classes and '##+ (sf)' ratings on two subordinate classes issued from two Pennsylvania Higher Education Assistance Agency (PHEAA) ABS transactions (see list). These transactions are primarily backed by a pool of Consolidation student loans originated through the U.S. Education Department's (ED's) Federal Family Education Loan Program (FFELP). Our review considered the transactions' collateral performance and available liquidity, changes in credit enhancement, and capital and payment structures....
