Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated - S&P Global Ratings’ Credit Research

Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated

Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated - S&P Global Ratings’ Credit Research
Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated
Published Sep 26, 2007
425 words — Published Sep 26, 2007
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Abstract:

NEW YORK (Standard&Poor's) Sept. 26, 2007--Standard&Poor's Ratings Services today assigned its ratings to Michigan Higher Education Student Loan Authority's $66.5 million student loan refunding revenue bonds series 20-A and 20-B (see list). The rating on the senior series 20-A bonds reflects the 3.0% subordination of the subordinate series 20-B bonds, the $498,750 reserve account, and excess spread. The rating on the subordinate bonds reflects the $498,750 reserve account and excess spread. Funds from the 20-A and 20-B bonds will be used to finance and refinance the acquisition of eligible loans, make a deposit to the reserve account, and pay the cost of issuance. The bonds are tax-exempt, auction-rate securities. This is the first issuance under the

  
Brief Excerpt:

RESEARCH Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated Publication date: 26-Sep-2007 Primary Credit Analysts: Lyuda Ryabkova, New York (1) 212-438-2897; lyuda_ryabkova@standardandpoors.com Timothy...

  
Report Type:

Ratings Action

Issuer
Michigan Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated" Sep 26, 2007. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-Higher-Education-Student-Loan-Authority-Series-20-A-and-20-B-Bonds-Rated-604447>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan Higher Education Student Loan Authority Series 20-A and 20-B Bonds Rated Sep 26, 2007. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-Higher-Education-Student-Loan-Authority-Series-20-A-and-20-B-Bonds-Rated-604447>
  
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