NEW YORK (Standard&Poor's) Sept. 1, 2010--Standard&Poor's Ratings Services today corrected its ratings on 15 series from Michigan Higher Education Student Loan Authority's (MHESLA's) student loan revenue bonds series XVII by withdrawing them (see list). The corrected ratings reflect MHESLA's June 29, 2010, purchase, and subsequent cancellation, of the bonds. The rating withdrawals were not contemporaneous with the bond cancellations due to an error. As part of a separate action, we placed these ratings on CreditWatch with negative implications on Aug. 9, 2010, at which point we had not yet received the cancellation notice (see "Various Actions Taken On Transactions From 14 Municipal Issuer Trusts Containing Mix Of FFELP And Private Student Loans," for additional information). RELATED
