Four Ratings Raised, 60 Ratings Affirmed on Six Vermont Student Assistance Corp. Series

OVERVIEW We raised our ratings on four bonds from Vermont Student Assistance Corp.'s (VSAC's) series 2012A, 2013A, and 2016A, reflecting the bonds' short-term maturities. We also affirmed our ratings on 60 bonds from VSAC's series 2012A, 2013A, 2016A, 2017A, 2017B, 2018A, 2018B, 2019A, and 2019B. The affirmations reflect our view of the 2012 trust indenture's credit support, parity, pool characteristics, and the timely interest and principal payments made under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) July 7, 2020--S&P Global Ratings today raised its ratings on four bonds from Vermont Student Assistance Corp.'s (VSAC's) series 2012A, 2013A, and 2016A. We also affirmed our ratings on 60 bonds from VSAC's series 2012A, 2013A, 2016A, 2017A,

...OVERVIEW + We raised our ratings on four bonds from Vermont Student Assistance Corp.'s (VSAC's) series 2012A, 2013A, and 2016A, reflecting the bonds' short-term maturities. + We also affirmed our ratings on 60 bonds from VSAC's series 2012A, 2013A, 2016A, 2017A, 2017B, 2018A, 2018B, 2019A, and 2019B. + The affirmations reflect our view of the 2012 trust indenture's credit support, parity, pool characteristics, and the timely interest and principal payments made under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) July 7, 2020--S&P Global Ratings today raised its ratings on four bonds from Vermont Student Assistance Corp.'s (VSAC's) series 2012A, 2013A, and 2016A. We also affirmed our ratings on 60 bonds from VSAC's series 2012A, 2013A, 2016A, 2017A, 2017B, 2018A, 2018B, 2019A, and 2019B. The bonds are backed by a pool of private fixed-rate student loans made under the VSAC's Student Advantage and Parent Advantage loan programs. On June 24, 2020,...

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