NEW YORK (Standard&Poor's) April 25, 2008--Standard&Poor's Ratings Services today assigned its preliminary ratings to Rhode Island Student Loan Authority's $64.0 million student loan program revenue bonds 2008 (see list). The preliminary ratings are based on information as of April 25, 2008. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings on the 2008 senior series A bonds reflect reflect the 6.25% subordination of the 2008 subordinate series I bonds, the fully funded 4% reserve account, the capitalized interest account, the overcollateralization, and the excess spread. The preliminary rating assigned to the 2008 subordinate series I bonds reflects the 4% reserve account, the capitalized interest account, the
