New Jersey Higher Education Student Assistance Authority $180.0 Million Series 2015-1 Bonds Assigned Preliminary Ratings

OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2015-1 issuance is an ABS transaction backed by private fixed interest rate student loans made under its NJCLASS loan program. We assigned our preliminary ratings to the series 2015-1A and 2015-1B bonds. The preliminary ratings reflect our view of the transaction's timely interest and principal payments and payment and legal structures, among other factors. NEW YORK (Standard&Poor's) May 6, 2015--Standard&Poor's Ratings Services today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $180.0 million student loan revenue bonds series 2015-1 (see list). The bond issuance is an asset-backed securities transaction backed by Private fixed interest rate student loans made under the HESAA's New

...OVERVIEW + New Jersey Higher Education Student Assistance Authority's series 2015-1 issuance is an ABS transaction backed by private fixed interest rate student loans made under its NJCLASS loan program. + We assigned our preliminary ratings to the series 2015-1A and 2015-1B bonds. + The preliminary ratings reflect our view of the transaction's timely interest and principal payments and payment and legal structures, among other factors. NEW YORK (Standard & Poor's) May 6, 2015--Standard & Poor's Ratings Services today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $180.0 million student loan revenue bonds series 2015-1 (see list). The bond issuance is an asset-backed securities transaction backed by Private fixed interest rate student loans made under the HESAA's New Jersey College Loan to Assist State Students loan program. The preliminary ratings are based on information as of May 6, 2015. Subsequent information may result in the...

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