New Jersey Higher Education Student Assistance Authority Series 2023A, 2023B, And 2023C Assigned Ratings

New Jersey Higher Education Student Assistance Authority's issuance is a securitization backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS loan program. We assigned our ratings to the series 2023A, 2023B, and 2023C bonds. The ratings reflect our view of the transaction's credit support, expected initial parity, and payment and legal structures, among other factors. ENGLEWOOD (S&P Global Ratings) May 11, 2023--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA) student loan revenue bonds, senior series 2023A and 2023B, and subordinate series 2023C (collectively, the series 2023 bonds) (see list). The bond issuance is a securitization backed by private student loans made under the HESAA's New

...- New Jersey Higher Education Student Assistance Authority's issuance is a securitization backed by private student loans made under the New Jersey Higher Education Student Assistance Authority's NJCLASS loan program. - We assigned our ratings to the series 2023A, 2023B, and 2023C bonds. - The ratings reflect our view of the transaction's credit support, expected initial parity, and payment and legal structures, among other factors. ENGLEWOOD (S&P Global Ratings) May 11, 2023--S&P Global Ratings today assigned its ratings to New Jersey Higher Education Student Assistance Authority's (HESAA) student loan revenue bonds, senior series 2023A and 2023B, and subordinate series 2023C (collectively, the series 2023 bonds) (see list). The bond issuance is a securitization backed by private student loans made under the HESAA's New Jersey College Loan to Assist State Students (NJCLASS) loan program, which includes a refinance loan program. The issuer made several changes to the transaction since we...

Ratings Action