New Jersey Higher Education Student Assistance Authority $217.0 Million Bonds Series 2018 Assigned Preliminary Ratings

OVERVIEW New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS loan program, which includes a refinance loan program. We assigned our preliminary ratings to the series 2018A, 2018B, and 2018C bonds. The preliminary 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) April 30, 2018--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $217.0 million student loan revenue bonds series 2018A, 2018B, and 2018C (collectively, the series 2018 bonds; see list). The bond issuance is an asset-backed securities

...OVERVIEW + New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS loan program, which includes a refinance loan program. + We assigned our preliminary ratings to the series 2018A, 2018B, and 2018C bonds. + The preliminary 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) April 30, 2018--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $217.0 million student loan revenue bonds series 2018A, 2018B, and 2018C (collectively, the series 2018 bonds; see list). The bond issuance is an asset-backed securities transaction backed by private student loans made under HESAA's New Jersey College Loan to Assist State Students (NJCLASS) loan program, which includes...

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