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

OVERVIEW Pennsylvania Higher Education Assistance Agency's series 2020A and 2020B bonds issuance is an ABS transaction backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. We assigned our ratings to the senior series 2020A and subordinate series 2020B bonds. The ratings reflect our view of the transaction's credit support, initial senior and total parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) March 19, 2020--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA's) 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 ABS transaction backed by fixed-rate private student

...OVERVIEW + Pennsylvania Higher Education Assistance Agency's series 2020A and 2020B bonds issuance is an ABS transaction backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. + We assigned our ratings to the senior series 2020A and subordinate series 2020B bonds. + The ratings reflect our view of the transaction's credit support, initial senior and total parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) March 19, 2020--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA's) 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 ABS transaction backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. The ratings reflect our view of the following: + The availability of approximately 36%-37% and 28%-29%...

Ratings Action