OVERVIEW We reviewed 11 ABS trusts backed by private student loan collateral issued by municipal entities. We affirmed our ratings on all classes from each of the 11 trusts. NEW YORK (Standard&Poor's) Nov. 2, 2010--Standard&Poor's Ratings Services today affirmed its ratings on all classes of notes from 11 asset-backed securities (ABS) trusts backed by private student loan collateral issued by municipal entities (see list). Our analysis of each trust included an evaluation of the credit risk associated with the respective trust's collateral profile and the sufficiency of current credit enhancement levels to support each class at its respective rating level. The rating affirmations reflect our view that the levels of available credit enhancement have remained relatively
