OVERVIEW Rhode Island Student Loan Authority's series 2012-1 issuance is an ABS securitization backed by student loans that are at least 97% reinsured by the U.S. federal government. We assigned our 'AA+ (sf)' rating to the series 2012-1 notes. The 'AA+ (sf)' rating reflects our view of the transaction's parity, timely interest and principal payments, and the U.S. federal government's reinsurance, among other factors. NEW YORK (Standard&Poor's) Aug. 30, 2012--Standard&Poor's Ratings Services today assigned its 'AA+ (sf)' rating to Rhode Island Student Loan Authority's $111.0 million Federal Family Education Loan Program loan-backed notes series 2012-1. The note issuance is an asset-backed securities transaction backed by student loans that are at least 97% reinsured by the U.S.
