...OVERVIEW + We affirmed our ratings on three classes of notes from three ABS transactions backed by FFELP student loans. + The affirmations reflect our view of the increased credit enhancement levels, collateral profile, available liquidity, and the full turbo payment structure. + The affirmations also reflect our view that the transactions have sufficient liquidity to cover interest payments to the notes over the next several months, despite the impact of the COVID-19 pandemic. NEW YORK (S&P Global Ratings) April 28, 2020--S&P Global Ratings today affirmed its '##+ (sf)' ratings on three classes of notes issued from three student loan ABS transactions (see list). These transactions are primarily backed by pools of loans originated through the U.S. Department of Education's (ED's) Federal Family Education Loan Program (FFELP). Our review considered the transaction's collateral performance and available liquidity, changes in credit enhancement, and capital and payment structures. We also...
