Ratings Raised On Two Classes From Pennsylvania Higher Education Assistance Agency, Series 2006-2

We reviewed Pennsylvania Higher Education Assistance Agency's series 2006-2, which is an ABS transaction backed by a pool of loans originated through the U.S. Department of Education's Federal Family Education Loan Program. We raised our ratings on the class A-3 and class B notes to 'AAA (sf)' and 'AA+ (sf),' respectively. The rating actions reflect the transaction's stable or improving credit enhancement levels, collateral profile, and available liquidity. NEW YORK (S&P Global Ratings) May 27, 2021--S&P Global Ratings today raised its ratings on Pennsylvania Higher Education Assistance Agency, series 2006-2's class A-3 and B notes (see list). This is an ABS transaction primarily backed by a pool of student loans originated through the U.S. Department of Education's (ED's) Federal Family

...- We reviewed Pennsylvania Higher Education Assistance Agency's series 2006-2, which is an ABS transaction backed by a pool of loans originated through the U.S. Department of Education's Federal Family Education Loan Program. - We raised our ratings on the class A-3 and class B notes to '### (sf)' and '##+ (sf),' respectively. - The rating actions reflect the transaction's stable or improving credit enhancement levels, collateral profile, and available liquidity. NEW YORK (S&P Global Ratings) May 27, 2021--S&P Global Ratings today raised its ratings on Pennsylvania Higher Education Assistance Agency, series 2006-2's class A-3 and B notes (see list). This is an ABS transaction primarily backed by a pool of student loans originated through the U.S. Department of Education's (ED's) Federal Family Education Loan Program (FFELP). Our review considered the transaction's collateral performance and available liquidity, changes in credit enhancement, and capital and payment structure. We also considered...

Ratings Action