OVERVIEW Louisiana Public Facilities Authority's bond issuance is an ABS securitization backed by student loans that are at least 97% federally reinsured. We assigned our preliminary 'AAA (sf)' rating to the series 2011A bonds. The preliminary 'AAA (sf)' rating reflects our view of the transaction's initial parity, the U.S. federal government's reinsurance, and our stress assumptions and cash-flow modeling scenarios, among other factors. NEW YORK (Standard&Poor's) April 7, 2011--Standard&Poor's Ratings Services today assigned its preliminary 'AAA (sf)' rating to Louisiana Public Facilities Authority?s $509.0 million taxable student loan-backed bonds series 2011A. The preliminary rating is based on information as of April 7, 2011. Subsequent information may result in the assignment of a final rating that differs
