Pennsylvania Higher Education Assistance Agency Series 2006 Ratings Affirmed

OVERVIEW We affirmed our ratings on two classes from the Pennsylvania Higher Education Assistance Agency, series 2006 transaction. The affirmations reflect our view of the transaction's increased credit enhancement levels for both classes, collateral profile, available liquidity, and payment structure. The rating actions also reflect our view that the transaction has sufficient liquidity to cover interest payments to the notes over the next several months, despite the impact of the COVID-19 pandemic. NEW YORK (S&P Global Ratings) Oct. 7, 2020--S&P Global Ratings today affirmed its ratings on two classes from the Pennsylvania Higher Education Assistance Agency series 2006 transaction. The transaction is backed by a pool of student loans originated through the U.S. Department of Education's (ED's) Federal Family Education

...OVERVIEW + We affirmed our ratings on two classes from the Pennsylvania Higher Education Assistance Agency, series 2006 transaction. + The affirmations reflect our view of the transaction's increased credit enhancement levels for both classes, collateral profile, available liquidity, and payment structure. + The rating actions also reflect our view that the transaction has sufficient liquidity to cover interest payments to the notes over the next several months, despite the impact of the COVID-19 pandemic. NEW YORK (S&P Global Ratings) Oct. 7, 2020--S&P Global Ratings today affirmed its ratings on two classes from the Pennsylvania Higher Education Assistance Agency series 2006 transaction. The transaction is backed by a pool of student loans originated through the U.S. Department of Education's (ED's) Federal Family Education Loan Program (FFELP). Our review considered the transaction's collateral performance and available liquidity, changes in credit enhancement, and capital and payment...

Ratings Action