...- Rhode Island Student Loan Authority's issuance is an ABS transaction backed by a pool of refinance and in-school fixed-rate student loans originated under Rhode Island Student Loan Authority's student loan programs. - We assigned our ratings to the 2023 senior series A (TE) and senior series 2023-1 (TX) bonds. - The ratings reflect our view of the transaction's credit support, parity, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) June 13, 2023--S&P Global Ratings today assigned its ratings to Rhode Island Student Loan Authority's (RISLA) 2023 senior series A (TE) and senior series 2023-1 (TX) education loan revenue bonds (see list). The bond issuance is an ABS transaction backed by a pool of refinance and in-school fixed-rate student loans originated under RISLA's student loan programs. The ratings reflect: - The approximately 11.3%-11.8% credit support available based on '##' stressed break-even cash flow scenarios, which provides coverage of approximately...
