Rhode Island Student Loan Authority (Series 2014-1) $93.1 Million Notes Assigned Preliminary Rating

OVERVIEW Rhode Island Student Loan Authority's series 2014-1 issuance is an ABS transaction backed by student loans that are at least 97% reinsured by the U.S. federal government. We assigned our 'AA+ (sf)' preliminary rating to series 2014-1 notes. The preliminary rating reflects our view of the transaction's initial parity, the U.S. federal government's reinsurance of at least 97% of the loans' principal and interest, and a scenario analysis we ran, among other factors. NEW YORK (Standard&Poor's) June 3, 2014--Standard&Poor's Ratings Services today assigned its preliminary rating to Rhode Island Student Loan Authority's $93.1 million FFELP loan-backed bonds series 2014-1 (taxable LIBOR floating-rate notes). The note issuance is an ABS transaction backed by student loans that

...OVERVIEW + Rhode Island Student Loan Authority's series 2014-1 issuance is an ABS transaction backed by student loans that are at least 97% reinsured by the U.S. federal government. + We assigned our '##+ (sf)' preliminary rating to series 2014-1 notes. + The preliminary rating reflects our view of the transaction's initial parity, the U.S. federal government's reinsurance of at least 97% of the loans' principal and interest, and a scenario analysis we ran, among other factors. NEW YORK (Standard & Poor's) June 3, 2014--Standard & Poor's Ratings Services today assigned its preliminary rating to Rhode Island Student Loan Authority's $93.1 million FFELP loan-backed bonds series 2014-1 (taxable LIBOR floating-rate notes). The note issuance is an ABS transaction backed by student loans that are at least 97% reinsured by the U.S. federal government. The preliminary rating is based on information as of June 3, 2014. Subsequent information may result in the assignment of final ratings that differ...

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