New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed - S&P Global Ratings’ Credit Research

New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed

New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed - S&P Global Ratings’ Credit Research
New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed
Published Mar 15, 2016
Published Mar 15, 2016
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Abstract:

OVERVIEW We affirmed our 'AA+ (sf)' rating on the class A-2 bonds issued by the New Jersey Higher Education Student Assistance Authority's series 2010-FFELP, an ABS trust backed by FFELP student loans. The affirmation reflects the continued stable performance of the trust's underlying student loans, the sufficient credit enhancement at the current rating, the low cost of funds, and the U.S. federal government's reinsurance. NEW YORK (Standard&Poor's) March 15, 2016--Standard&Poor's Ratings Services today affirmed its 'AA+ (sf)' rating on the class A-2 bonds issued by the New Jersey Higher Education Student Assistance Authority series 2010-FFELP. This trust is a U.S. asset-backed securities trust backed by Federal Family Education Loan Program (FFELP) student loans. The affirmation reflects

  
Report Type:

Ratings Action

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed" Mar 15, 2016. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-s-Series-2010-FFELP-Class-A-2-Bonds-AA-sf-Rating-Affirmed-1597433>
  
APA:
S&P Global Ratings’ Credit Research. (). New Jersey Higher Education Student Assistance Authority's Series 2010-FFELP Class A-2 Bonds 'AA+ (sf)' Rating Affirmed Mar 15, 2016. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Jersey-Higher-Education-Student-Assistance-Authority-s-Series-2010-FFELP-Class-A-2-Bonds-AA-sf-Rating-Affirmed-1597433>
  
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