...OVERVIEW + We affirmed our ratings on the class A-2 and A-3 bonds issued by Louisiana Public Facilities Authority's series 2011A, an ABS trust backed by FFELP student loans. + The affirmed ratings reflect the trust's sufficient credit enhancement levels and strong collateral profile. NEW YORK (S&P Global Ratings) May 20, 2016--S&P Global Ratings today affirmed its ratings on the class A-2 and A-3 bonds issued by Louisiana Public Facilities Authority's (LPFA's) series 2011A, an asset-backed securities (ABS) trust backed by a pool of Stafford and Consolidation student loans originated through the U.S. Department of Education's (ED's) Federal Family Education Loan Program (FFELP). The affirmations reflect our expectation regarding collateral performance and our view of the current credit enhancement available to support the bonds under the sequential pay structure, including overcollateralization (parity), the reserve account, and excess spread. Our analysis also incorporated secondary credit...
