...OVERVIEW + Rhode Island Student Loan Authority's 2016 senior series A issuance is an ABS transaction backed by private student loans originated under its student loan and consolidation loan programs. + We assigned our '## (sf)' rating to the 2016 senior series A bonds. + The '## (sf)' rating reflects 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) May 18, 2016--S&P Global Ratings today assigned its '## (sf)' rating to Rhode Island Student Loan Authority's (RISLA's) $55.00 million 2016 senior series A student loan program revenue bonds (see list). The bond issuance is an asset-backed securitization backed by private student loans originated under the RISLA's student loan and consolidation loan programs. The rating reflects: + The approximately 18.8% credit support available based on our '##' stressed break-even cash flow scenarios,...
