New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+ - S&P Global Ratings’ Credit Research

New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+

New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+ - S&P Global Ratings’ Credit Research
New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+
Published Jun 01, 1999
1194 words — Published Jun 01, 1999
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Abstract:

NEW YORK (Standard & Poor's CreditWire) June 1, 1999--Standard & Poor's today assigned its triple-`A' rating to New Jersey Higher Education Student Assistance Authority's $50 million student loan revenue bonds 1999 series A and its triple-`A'/`A-1'-plus ratings to the authority's $12 million student loan revenue bonds 1999 series B. The long-term triple-`A' ratings on the authority's bonds are based on bond insurance policies provided by MBIA Insurance Corp. The `A-1'-plus liquidity rating on the authority's student loan revenue bonds 1999 series B is based on a standby bond purchase agreement provided by Landesbank Hessen-Thuringen Girozentrale. The long-term ratings are additionally supported by: -- The debt service reserve amount of 3% of outstanding bonds (initially $1.86 million); -- The moral obligation

  
Brief Excerpt:

RESEARCH New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated ###, ###/A-1+ Publication date: 01-Jun-1999 NEW YORK (Standard & Poor's CreditWire) June 1, 1999--Standard & Poor's today assigned its triple-`A'...

  
Report Type:

News

Issuer
New Jersey Hgr Ed Stud Asst Auth
Sector
Asset-Backed Securities, Structured Finance
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+" Jun 01, 1999. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-s-Revenue-Bonds-Rated-AAA-AAA-A-1-106162>
  
APA:
S&P Global Ratings’ Credit Research. (). New Jersey Higher Education Student Assistance Authority's Revenue Bonds Rated AAA, AAA/A-1+ Jun 01, 1999. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-s-Revenue-Bonds-Rated-AAA-AAA-A-1-106162>
  
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