OVERVIEW New Jersey Higher Education Student Assistance Authority's series 2010-1 issuance is an ABS securitization of private student loans made under New Jersey Higher Education Student Assistance Authority's NJCLASS loan program. We assigned our 'AA' rating to the series 2010-1 notes. The rating reflects our view of the transaction's credit support, initial parity, and legal structure, as well as the securitized loan pool's credit quality and our stress scenarios, among other factors. NEW YORK (Standard&Poor's) Jan. 26, 2010--Standard&Poor's Ratings Services today assigned its 'AA' rating to New Jersey Higher Education Student Assistance Authority's (the Authority's) $713 million tax-exempt fixed-rate student loan revenue bonds series 2010-1. The rating reflects our opinion of: The availability of approximately 15.2%-15.5%
