Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series - S&P Global Ratings’ Credit Research

Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series

Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series - S&P Global Ratings’ Credit Research
Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series
Published Jun 23, 2022
6 pages (2199 words) — Published Jun 23, 2022
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW We raised our ratings on three bonds and affirmed our ratings on 55 bonds issued from Vermont Student Assistance Corp.'s 2012 master trust indenture. The upgrades reflect the bonds' short-term maturities. The affirmations reflect our view of the 2012 master trust indenture's credit support, parity, pool characteristics, and the periodic interest payments and full principal repayments made by the final maturity dates under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) June 23, 2022--S&P Global Ratings today raised its ratings on three bonds and affirmed its ratings on 55 bonds from Vermont Student Assistance Corp.'s (VSAC) 2012 master trust indenture (see list). The bonds are backed by a pool of private fixed-rate student loans

  
Brief Excerpt:

...OVERVIEW + We raised our ratings on three bonds and affirmed our ratings on 55 bonds issued from Vermont Student Assistance Corp.'s 2012 master trust indenture. + The upgrades reflect the bonds' short-term maturities. + The affirmations reflect our view of the 2012 master trust indenture's credit support, parity, pool characteristics, and the periodic interest payments and full principal repayments made by the final maturity dates under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) June 23, 2022--S&P Global Ratings today raised its ratings on three bonds and affirmed its ratings on 55 bonds from Vermont Student Assistance Corp.'s (VSAC) 2012 master trust indenture (see list). The bonds are backed by a pool of private fixed-rate student loans originated under VSAC's Student Advantage and Parent Advantage loan programs. On June 14, 2022, VSAC issued additional bonds from the 2012 master indenture (see "Vermont Student Assistance Corp. Series 2022A...

  
Report Type:

Ratings Action

Ticker
28543MF
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series" Jun 23, 2022. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Three-Ratings-Raised-55-Ratings-Affirmed-On-Six-Vermont-Student-Assistance-Corp-Series-2857998>
  
APA:
S&P Global Ratings’ Credit Research. (). Three Ratings Raised, 55 Ratings Affirmed On Six Vermont Student Assistance Corp. Series Jun 23, 2022. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Three-Ratings-Raised-55-Ratings-Affirmed-On-Six-Vermont-Student-Assistance-Corp-Series-2857998>
  
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