Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk - S&P Global Ratings’ Credit Research

Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk

Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk - S&P Global Ratings’ Credit Research
Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk
Published Jan 25, 2017
6 pages (1952 words) — Published Jan 25, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The CFPB is suing Navient over its servicing of student loans. If the lawsuit is successful, we believe restitution, disgorgement, or penalties could be substantial. We are lowering our long-term issuer credit rating on Navient to 'BB-' from 'BB' and our senior unsecured debt rating to 'B+' from 'BB-'. The negative outlook reflects the risks we see stemming from recent litigation against the company and its concentration of large unsecured debt maturities in 2018-2020. On Jan.25, 2017, S&P Global Ratings lowered its long-term issuer credit rating on Navient Corp. to 'BB-' from 'BB'. At the same time we lowered our senior unsecured debt rating to 'B+' from 'BB-' and affirmed our 'B' short-term issuer credit rating. The outlook is negative.

  
Brief Excerpt:

...If the lawsuit is successful, we believe restitution, disgorgement, or penalties could be substantial....

  
Report Type:

Research Update

Issuer
Navient Corporation
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk" Jan 25, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Navient-Corporation-Issuer-Credit-Rating-Lowered-To-BB-Unsecured-Debt-Ratings-Lowered-to-B-On-Recent-Litigation-Risk-1790972>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Navient Corporation Issuer Credit Rating Lowered To BB-, Unsecured Debt Ratings Lowered to B+ On Recent Litigation Risk Jan 25, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Navient-Corporation-Issuer-Credit-Rating-Lowered-To-BB-Unsecured-Debt-Ratings-Lowered-to-B-On-Recent-Litigation-Risk-1790972>
  
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