OVERVIEW Rhode Island Student Loan Authority's senior series A 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 'A+' rating to the senior series A 2009 bonds. The '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) July 7, 2009--Standard&Poor's Ratings Services today assigned its '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 rating reflects our view of: The availability of approximately 22%-24% credit support,
