Pennsylvania Higher Education Assistance Agency Series 2021A And 2021B Bonds Assigned Ratings

Pennsylvania Higher Education Assistance Agency's series 2021A and 2021B are ABS issuances backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. We assigned our ratings to the senior series 2021A and subordinate series 2021B bonds. The ratings reflect our view of the transaction's credit support, initial senior parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) June 10, 2021--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA) $64.1 million education loan revenue senior series 2021A and subordinate series 2021B tax-exempt AMT fixed-rate bonds (the 2021A and 2021B bonds; see list). The bonds are ABS issuances backed by fixed-rate private student loans originated under PHEAA's PA Forward Student

...- Pennsylvania Higher Education Assistance Agency's series 2021A and 2021B are ABS issuances backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. - We assigned our ratings to the senior series 2021A and subordinate series 2021B bonds. - The ratings reflect our view of the transaction's credit support, initial senior parity, and payment structure, among other factors. NEW YORK (S&P Global Ratings) June 10, 2021--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA) $64.1 million education loan revenue senior series 2021A and subordinate series 2021B tax-exempt AMT fixed-rate bonds (the 2021A and 2021B bonds; see list). The bonds are ABS issuances backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. The ratings reflect our view of: - The availability of approximately 33%-34% and 26%-27% credit support for the 2021A and 2021B bonds, respectively,...

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