OVERVIEW Vermont Student Assistance Corp.'s senior series 2012A and 2013A issuances are backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs. We affirmed our ratings on 27 bonds from the series 2012A and 2013A issuances to reflect our view of the transactions' available credit support, parity, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) June 23, 2016--S&P Global Ratings today affirmed its ratings on 27 bonds from the Vermont Student Assistance Corp.'s (VSAC) senior series 2012A and 2013A issuances (see list). These bonds were issued out of the VSAC's 2012A master indenture, an asset-backed securities transaction backed by private fixed-rate student loans made under VSAC's Student Advantage and
