...- 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 ratings to the senior series 2025A tax-exempt bonds. - The ratings reflect our view of the transaction's credit support, payment structure, and reserve fund, among other factors. ENGLEWOOD (S&P Global Ratings) June 12, 2025--S&P Global Ratings today assigned its 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 ratings reflect our view of: - The availability of approximately 29.30%-33.99% credit support for the series 2025A bonds, based on stressed break-even cash flow scenarios. These credit...
