OVERVIEW -- Rhode Island Student Loan Authority is an ABS transaction backed by private student loans originated under the Rhode Island Family Education Loan Program or the private consolidation loan program. -- We are assigning our preliminary 'A+' rating to one series of bonds, senior series A 2009. -- The preliminary 'A+' rating reflects our opinion of the transaction's credit support, the transaction's initial parity, and the loan pool's credit quality, among other factors. NEW YORK (Standard&Poor's) June 22, 2009--Standard&Poor's Ratings Services today assigned its preliminary 'A+' rating to Rhode Island Student Loan Authority's (the Authority's) $25.57 million senior series A student loan program revenue bonds series 2009. The preliminary rating is based on information as