Rhode Island Student Loan Authority 2019 Senior Series A Bonds Assigned 'AA (sf)' Ratings

OVERVIEW Rhode Island Student Loan Authority's 2019 senior series A issuance is an ABS transaction backed by private student loans originated under its student loan and refinance loan programs. We assigned our 'AA (sf)' ratings to the 2019 senior series A bonds. The 'AA (sf)' ratings reflect our view of the transaction's available credit support, initial parity, and the credit quality of both the outstanding loans and the loans to be originated, among other factors. NEW YORK (S&P Global Ratings) April 30, 2019--S&P Global Ratings today assigned its 'AA (sf)' ratings to Rhode Island Student Loan Authority's (RISLA's) $63.215 million student loan program revenue bonds 2019 senior series A (see list). The bond issuance is an asset-backed securities (ABS) transaction

...OVERVIEW + Rhode Island Student Loan Authority's 2019 senior series A issuance is an ABS transaction backed by private student loans originated under its student loan and refinance loan programs. + We assigned our '## (sf)' ratings to the 2019 senior series A bonds. + The '## (sf)' ratings reflect our view of the transaction's available credit support, initial parity, and the credit quality of both the outstanding loans and the loans to be originated, among other factors. NEW YORK (S&P Global Ratings) April 30, 2019--S&P Global Ratings today assigned its '## (sf)' ratings to Rhode Island Student Loan Authority's (RISLA's) $63.215 million student loan program revenue bonds 2019 senior series A (see list). The bond issuance is an asset-backed securities (ABS) transaction backed by private student loans originated under Rhode Island Student Loan Authority's student loan and consolidation loan programs. The ratings reflect our view of: + The approximately 19.4%-20.0% credit support available...

Ratings Action