...- We reviewed and affirmed our ratings on 14 bonds issued out of Pennsylvania Higher Education Assistance Agency's 2020 master trust indenture. - The affirmations reflect our view of the 2020 master trust indenture's credit support, parity, payment and legal structure, and pool characteristics, among other factors. NEW YORK (S&P Global Ratings) June 23, 2022--S&P Global Ratings today affirmed its ratings on 14 bonds from Pennsylvania Higher Education Assistance Agency's (PHEAA) 2020 master trust indenture (see ratings list). The bonds are backed by a pool of fixed-rate, private student loans originated under PHEAA's PA Forward Student Loan Programs. On June 9, 2022, PHEAA issued additional bonds from the 2020 master trust indenture (see "Pennsylvania Higher Education Assistance Agency Series 2022A And 2022B Bonds Assigned Ratings," published June 9, 2022). Our analysis for series 2022 included all previously issued bonds from the 2020 master indenture. The affirmations reflect: - The availability...
