...- We raised our ratings on 12 bonds from four student loan-backed master trusts. - The upgrades reflect the bonds' expected short-term maturities and payment structures and our view about trust's liquidity based on historical bonds paydowns. NEW YORK (S&P Global Ratings) July 10, 2023--S&P Global Ratings today raised its ratings on 12 bonds from four student loan-backed master trusts (see list). The bonds are backed by pools of private fixed-rate student loans originated under the respective loan programs of the issuers. All the bonds have legal final maturities within the next year. The upgrades reflect the bonds' expected short-term maturities. To ensure the full payment of the bonds' principal at their stated maturity dates, after paying certain fees and interest, the issuer is required to set aside funds to pay toward the maturing principal prior to each stated maturity date. Historically, available funds have been sufficient to pay off all maturing bonds. We will continue to monitor...
