Pennsylvania Higher Education Assistance Agency Series 2023A And 2023B Bonds Assigned Ratings

Pennsylvania Higher Education Assistance Agency's series 2023A and 2023B is an ABS issuance backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. We assigned our ratings to the senior series 2023A and subordinate series 2023B bonds. The ratings reflect our view of the transaction's credit support, initial senior and total parities, and payment structure, among other factors. NEW YORK (S&P Global Ratings) June 8, 2023--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA) $90.81 million education loan revenue bonds senior series 2023A and subordinate series 2023B tax-exempt AMT fixed-rate bonds (the 2023A and 2023B bonds) (see list). The bond issuance is an ABS transaction backed by fixed-rate private student loans

...- Pennsylvania Higher Education Assistance Agency's series 2023A and 2023B is an ABS issuance backed by fixed-rate private student loans originated under PHEAA's PA Forward Student Loan Programs. - We assigned our ratings to the senior series 2023A and subordinate series 2023B bonds. - The ratings reflect our view of the transaction's credit support, initial senior and total parities, and payment structure, among other factors. NEW YORK (S&P Global Ratings) June 8, 2023--S&P Global Ratings today assigned its ratings to Pennsylvania Higher Education Assistance Agency's (PHEAA) $90.81 million education loan revenue bonds senior series 2023A and subordinate series 2023B tax-exempt AMT fixed-rate bonds (the 2023A and 2023B 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 31%-32% and 24%-25% credit support...

Ratings Action