Pennsylvania Higher Education Assistance Agency Series 2020A And 2020B Bonds Assigned Preliminary Ratings

OVERVIEW Pennsylvania Higher Education Assistance Agency's series 2020A and 2020B issuance is an ABS securitization backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. We assigned our preliminary ratings to the senior series 2020A and subordinate series 2020B bonds. The preliminary ratings reflect our view of the transaction's credit support, expected initial senior parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) Feb. 24, 2020--S&P Global Ratings today assigned its preliminary ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA's) $48.090 million education loan revenue bonds senior series 2020A and subordinate series 2020B tax-exempt AMT fixed-rate bonds (the 2020A and 2020B bonds) (see list). The bond issuance is an asset-backed securities transaction backed

...OVERVIEW + Pennsylvania Higher Education Assistance Agency's series 2020A and 2020B issuance is an ABS securitization backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. + We assigned our preliminary ratings to the senior series 2020A and subordinate series 2020B bonds. + The preliminary ratings reflect our view of the transaction's credit support, expected initial senior parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) Feb. 24, 2020--S&P Global Ratings today assigned its preliminary ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA's) $48.090 million education loan revenue bonds senior series 2020A and subordinate series 2020B tax-exempt AMT fixed-rate bonds (the 2020A and 2020B bonds) (see list). The bond issuance is an asset-backed securities transaction backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. The preliminary ratings are based...

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