...- North Carolina State Education Assistance Authority's issuance is an ABS securitization backed by a pool of fixed-rate private student loans originated under the North Carolina State Education Assistance Authority's student loan programs. - We assigned our preliminary ratings to the senior series 2025A tax-exempt bonds. - The preliminary ratings reflect our view of the transaction's credit support, payment structure, and reserve fund, among other factors. ENGLEWOOD (S&P Global Ratings) May 12, 2025--S&P Global Ratings today assigned its preliminary ratings to North Carolina State Education Assistance Authority's (NCSEAA's) tax-exempt student loan revenue bonds senior series 2025A (see list). The bond issuance is an ABS securitization backed by a pool of fixed-rate private student loans originated under the NCSEAA's student loan programs. The preliminary ratings are based on information as of May 12, 2025. Subsequent information may result in the assignment of final ratings that differ...