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)' rating to series 2014-1 notes. The 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 24, 2014--Standard&Poor's Ratings Services today assigned its 'AA+ (sf)' 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
