New Jersey Higher Education Student Assistance Authority $250 Million Bonds Series 2017-1 Assigned Preliminary Ratings

OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2017-1 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 senior series 2017-1A, 2017-1B, and subordinate series 2017-1C 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) May 2, 2017--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $250.0 million student loan revenue bonds series 2017-1A, 2017-1B, and 2017-1C (collectively, the series 2017-1 bonds) (see list). The bond

...OVERVIEW + New Jersey Higher Education Student Assistance Authority's series 2017-1 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 senior series 2017-1A, 2017-1B, and subordinate series 2017-1C 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) May 2, 2017--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA's) $250.0 million student loan revenue bonds series 2017-1A, 2017-1B, and 2017-1C (collectively, the series 2017-1 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...

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