...OVERVIEW + Rhode Island Student Loan Authority's issuance is an ABS transaction backed by private student loans originated under Rhode Island Student Loan Authority's student loan and consolidation loan programs. + We assigned our '## (sf)' ratings to the 2017 senior series A 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) May 4, 2017--S&P Global Ratings today assigned its '## (sf)' ratings to Rhode Island Student Loan Authority's (RISLA's) $50.255 million student loan program revenue bonds 2017 senior series A (see list). The bond issuance is an asset-backed securities (ABS) transaction backed by private student loans originated under RISLA's student loan and consolidation loan programs. The ratings reflect: + The approximately 19.0% to 19.8% credit support available based on our '##' stressed break-even cash flow scenarios, which provides coverage of approximately 4.4x to...
