Ratings On New Jersey Higher Education Student Assistance Authority 2009 Series A Bonds Placed On CreditWatch Positive

OVERVIEW We reviewed the ratings on the bonds issued from New Jersey Higher Education Student Assistance Authority's (NJHESAA's) 2009 series A bonds, which are backed by a pool of private student loan collateral. We placed our ratings on the outstanding bonds on CreditWatch positive to reflect our view that available credit enhancement may be sufficient to support higher ratings. We discontinued the ratings on two series bonds, which matured on June 1, 2018. NEW YORK (S&P Global Ratings) July 26, 2018--S&P Global Ratings today placed its ratings on New Jersey Higher Education Student Assistance Authority's (NJHESAA's) 2009 series A student loan revenue bonds on CreditWatch with positive implications. The CreditWatch positive placements on the 2009 series A bonds reflect our

...OVERVIEW + We reviewed the ratings on the bonds issued from New Jersey Higher Education Student Assistance Authority's (NJHESAA's) 2009 series A bonds, which are backed by a pool of private student loan collateral. + We placed our ratings on the outstanding bonds on CreditWatch positive to reflect our view that available credit enhancement may be sufficient to support higher ratings. + We discontinued the ratings on two series bonds, which matured on June 1, 2018. NEW YORK (S&P Global Ratings) July 26, 2018--S&P Global Ratings today placed its ratings on New Jersey Higher Education Student Assistance Authority's (NJHESAA's) 2009 series A student loan revenue bonds on CreditWatch with positive implications. The CreditWatch positive placements on the 2009 series A bonds reflect our view of the transaction's collateral performance and available credit enhancement, which may be sufficient to support the bonds at a higher rating level. We also considered the transaction's capital structure and...

Ratings Action