Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed - S&P Global Ratings’ Credit Research

Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed

Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed - S&P Global Ratings’ Credit Research
Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed
Published Oct 06, 2011
1128 words — Published Oct 06, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Oct. 6, 2011--Standard&Poor's Ratings Services today assigned its 'AA-/A-1+' rating to Rhode Island Student Loan Authority's $18 million student loan program revenue bonds 2011 series A (taxable). At the same time, we confirmed our 'AA-/A-1+' rating on the $15 million 2008 series B-5 (taxable) bonds. The rating on the 2011 series A bonds 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 2011 series A bond payment obligations when the bonds are in the weekly and long-term interest rate reset modes.

  
Brief Excerpt:

RESEARCH Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated '##-/A-1+'; 2008 Series B-5 Rating Confirmed Publication date: 06-Oct-2011 Primary Credit Analyst: Brian Cullen, New York (1) 212-438-3702; brian_cullen@standardandpoors.co...

  
Report Type:

Ratings Action

Issuer
Rhode Island Student Loan Auth
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed" Oct 06, 2011. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rhode-Island-Student-Loan-Authority-Bonds-2011-Series-A-Taxable-Rated-AA-A-1-2008-Series-B-5-Rating-Confirmed-897241>
  
APA:
S&P Global Ratings’ Credit Research. (). Rhode Island Student Loan Authority Bonds 2011 Series A (Taxable) Rated 'AA-/A-1+'; 2008 Series B-5 Rating Confirmed Oct 06, 2011. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rhode-Island-Student-Loan-Authority-Bonds-2011-Series-A-Taxable-Rated-AA-A-1-2008-Series-B-5-Rating-Confirmed-897241>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.