New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings

New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings
Published May 04, 2021
5 pages (2061 words) — Published May 04, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private student loans. We assigned our preliminary ratings to the series 2021A, 2021B, and 2021C notes. The preliminary ratings reflect our view of the transaction's credit support, expected initial parity, and loan pool characteristics, among other factors. CENTENNIAL (S&P Global Ratings) May 4, 2021--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA) $108.385 million student loan revenue bonds senior series 2021A and 2021B and subordinate series 2021C notes (see list). The bond issuance is an ABS transaction backed by private student loans made under HESAA's New Jersey College Loan to Assist State Students (NJCLASS) loan program, which includes

  
Brief Excerpt:

...- New Jersey Higher Education Student Assistance Authority's issuance is an ABS transaction backed by private student loans. - We assigned our preliminary ratings to the series 2021A, 2021B, and 2021C notes. - The preliminary ratings reflect our view of the transaction's credit support, expected initial parity, and loan pool characteristics, among other factors. CENTENNIAL (S&P Global Ratings) May 4, 2021--S&P Global Ratings today assigned its preliminary ratings to New Jersey Higher Education Student Assistance Authority's (HESAA) $108.385 million student loan revenue bonds senior series 2021A and 2021B and subordinate series 2021C notes (see list). The bond issuance is an 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 preliminary ratings are based on information as of May 4, 2021. Subsequent information may result in the assignment of final ratings...

  
Report Type:

Ratings Action

Issuer
New Jersey Hgr Ed Stud Asst Auth
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings" May 04, 2021. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-Series-2021A-2021B-And-2021C-Assigned-Preliminary-Ratings-2640878>
  
APA:
S&P Global Ratings’ Credit Research. (). New Jersey Higher Education Student Assistance Authority Series 2021A, 2021B, And 2021C Assigned Preliminary Ratings May 04, 2021. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-Series-2021A-2021B-And-2021C-Assigned-Preliminary-Ratings-2640878>
  
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