...- 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 the issuer's student loan programs. - We assigned our ratings to the 2024 senior series B (tax exempt) bonds. - The ratings reflect our view of the transaction's credit support, parity, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Dec. 11, 2024--S&P Global Ratings today assigned ratings to Rhode Island Student Loan Authority's (RISLA's) 2024 senior series B education loan revenue bonds (tax exempt) (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 our view of: - The approximately 11.6%-12.1% credit support available, based on '##' stressed break-even cash flow scenarios, which provides coverage of approximately 6.7x-7.0x our base case net loss rate in the '##' stressed...
