Ratings On Vermont Student Assistance Corp. Senior Series 2014A Bonds Affirmed

OVERVIEW We reviewed Vermont Student Assistance Corp.'s (VSAC's) senior series 2014A, an asset-backed securities transaction backed by a pool of private fixed-rate student loans made under VSAC's loan programs. We affirmed our 'AA (sf)' ratings on the senior series 2014A bonds to reflect our view of the collateral performance and current credit enhancement levels supporting the ratings. NEW YORK (S&P Global Ratings) July 6, 2017--S&P Global Ratings today affirmed its 'AA (sf)' ratings on Vermont Student Assistance Corp.'s (VSAC's) senior series 2014A bonds (see list), an asset-backed securitization backed by private fixed-rate student loans made under VSAC's loan programs. The affirmations reflect our view of the expected collateral performance and the current available credit enhancement level supporting the ratings, which

...OVERVIEW + We reviewed Vermont Student Assistance Corp.'s (VSAC's) senior series 2014A, an asset-backed securities transaction backed by a pool of private fixed-rate student loans made under VSAC's loan programs. + We affirmed our '## (sf)' ratings on the senior series 2014A bonds to reflect our view of the collateral performance and current credit enhancement levels supporting the ratings. NEW YORK (S&P Global Ratings) July 6, 2017--S&P Global Ratings today affirmed its '## (sf)' ratings on Vermont Student Assistance Corp.'s (VSAC's) senior series 2014A bonds (see list), an asset-backed securitization backed by private fixed-rate student loans made under VSAC's loan programs. The affirmations reflect our view of the expected collateral performance and the current available credit enhancement level supporting the ratings, which we believe are sufficient to support the related bonds at their current rating levels. CURRENT CAPITAL STRUCTURE(i) The series 2014A bonds are serial bonds bearing...

Ratings Action