...OVERVIEW + Rhode Island Student Loan Authority's senior series 2018-1 bond issuance is an ABS transaction backed by private refinanced student loans originated under Rhode Island Student Loan Authority's consolidation loan program. + We assigned our '## (sf)' ratings to 11 senior series 2018-1 bonds. + The ratings reflect our view of the transaction's credit support, initial parity, and credit quality, among other factors. NEW YORK (S&P Global Ratings) July 17, 2018--S&P Global Ratings today assigned its '## (sf)' ratings to Rhode Island Student Loan Authority's (RISLA's) $35 million education loan revenue bonds senior series 2018-1 (see list). The bond issuance is an asset-backed securities transaction backed by private refinanced student loans originated under RISLA's consolidation loan program. The ratings reflect: + The approximately 37.8%-38.1% credit support available based on our '##' stressed break-even cash flow scenarios, which provides coverage of approximately 7.9x-8.0x our...
