Rating Raised On Vermont Student Assistance Corp. Series 2013-1 Class A Notes

We reviewed Vermont Student Assistance Corp.'s series 2013-1, an ABS transaction backed by a pool of FFELP student loans. We raised our rating on the series 2013-1 class A notes to 'AAA (sf)' from 'AA+ (sf)'. The rating action reflects our view of the transaction's increasing credit enhancement, collateral profile, available liquidity, and full turbo payment structure. NEW YORK (S&P Global Ratings) March 15, 2022--S&P Global Ratings today raised its rating on Vermont Student Assistance Corp.'s series 2013-1 class A notes to 'AAA (sf)' from 'AA+ (sf)'. We do not rate the transaction's class B notes. The note issuance is an ABS transaction backed by a pool of loans originated through the U.S. Department of Education's (ED) Federal Family Education

...- We reviewed Vermont Student Assistance Corp.'s series 2013-1, an ABS transaction backed by a pool of FFELP student loans. - We raised our rating on the series 2013-1 class A notes to '### (sf)' from '##+ (sf)'. - The rating action reflects our view of the transaction's increasing credit enhancement, collateral profile, available liquidity, and full turbo payment structure. NEW YORK (S&P Global Ratings) March 15, 2022--S&P Global Ratings today raised its rating on Vermont Student Assistance Corp.'s series 2013-1 class A notes to '### (sf)' from '##+ (sf)'. We do not rate the transaction's class B notes. The note issuance is an ABS transaction backed by a pool of loans originated through the U.S. Department of Education's (ED) Federal Family Education Loan Program (FFELP). The rating action reflects our view of the transaction's collateral performance, available liquidity, credit enhancement, and capital and payment structure. Additionally, we considered secondary credit factors such as...

Ratings Action