New Jersey Higher Education Student Assistance Authority $250 Million Bonds Series 2017-1 Assigned 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 ratings to the senior series 2017-1A, 2017-1B, and subordinate series 2017-1C 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) June 1, 2017--S&P Global Ratings today assigned its 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 (see list). The bond issuance is an asset-backed securities transaction backed by

...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 ratings to the senior series 2017-1A, 2017-1B, and subordinate series 2017-1C 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) June 1, 2017--S&P Global Ratings today assigned its 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 (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 a refinance loan...

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