New Jersey Higher Education Student Assistance Authority $215.850 Million Bonds Series 2018 Assigned Ratings

OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2018 issuance is an ABS transaction backed by private student loans made under the NJCLASS loan program, which includes a refinance loan program. We assigned our ratings to the senior series 2018A, 2018B, and subordinate series 2018C bonds. The ratings reflect our view of the transaction's credit support, expected initial parity, and loan pool characteristics, among other factors. NEW YORK (S&P Global Ratings) May 31, 2018--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $215.850 million student loan revenue bonds series 2018A, 2018B, and 2018C (see list). The bond issuance is an asset-backed securities (ABS) transaction backed by private student loans made under HESAA's

...OVERVIEW + New Jersey Higher Education Student Assistance Authority's series 2018 issuance is an ABS transaction backed by private student loans made under the NJCLASS loan program, which includes a refinance loan program. + We assigned our ratings to the senior series 2018A, 2018B, and subordinate series 2018C bonds. + The ratings reflect our view of the transaction's credit support, expected initial parity, and loan pool characteristics, among other factors. NEW YORK (S&P Global Ratings) May 31, 2018--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $215.850 million student loan revenue bonds series 2018A, 2018B, and 2018C (see list). The bond issuance is an asset-backed securities (ABS) transaction backed by private student loans made under HESAA's New Jersey College Loan to Assist State Students (NJCLASS) loan program, which includes a refinance loan program. The ratings reflect: + The availability of approximately...

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