Rhode Island Student Loan Authority $78.00 Million 2012 Series B Bonds Assigned 'AA-/A-1+' Rating

NEW YORK (Standard&Poor's) Aug. 30, 2012--Standard&Poor's Ratings Services today assigned its 'AA-/A-1+' rating to Rhode Island Student Loan Authority's $78.00 million student loan program revenue bonds 2012 series B due June 1, 2052. The 'AA-/A-1+' rating reflects our opinion of the credit and liquidity support that State Street Bank and Trust Co. ('AA-/A-1+') provides in the form of an irrevocable direct-pay letter of credit (LOC). Under the LOC, State Street Bank And Trust Co. fully supports all bond payment obligations when the bonds are in the weekly and long-term interest rate reset modes. Therefore, our rating applies only during these rate modes. If the bonds are converted to another rate mode, we will likely withdraw our

...NEW YORK (Standard & Poor's) Aug. 30, 2012--Standard & Poor's Ratings Services today assigned its '##-/A-1+' rating to Rhode Island Student Loan Authority's $78.00 million student loan program revenue bonds 2012 series B due June 1, 2052. The '##-/A-1+' rating reflects our opinion of the credit and liquidity support that State Street Bank and Trust Co. ('##-/A-1+') provides in the form of an irrevocable direct-pay letter of credit (LOC). Under the LOC, State Street Bank And Trust Co. fully supports all bond payment obligations when the bonds are in the weekly and long-term interest rate reset modes. Therefore, our rating applies only during these rate modes. If the bonds are converted to another rate mode, we will likely withdraw our rating. The '##-' long-term component of our rating is based on our long-term issuer credit rating on State Street Bank And Trust Co. and addresses full and timely payments of interest and principal when the bondholders have not exercised the put option. The...

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