Two Ratings Raised, 35 Ratings Affirmed On Three Vermont Student Assistance Corp. Series

OVERVIEW We raised our ratings on two classes from Vermont Student Assistant Corp.'s series 2012A and 2013A. We also affirmed our ratings on 35 classes from Vermont Student Assistant Corp.'s series 2012A, 2013A, and 2016A. The series are backed by a pool of private fixed-rate student loans made under its Student Advantage and Parent Advantage loan programs. The upgrades reflect the bonds' short-term maturities, and the affirmations reflect our view of the 2012 trust indenture's credit support, parity, pool characteristics, and the timely interest and principal payments made under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) July 25, 2017--S&P Global Ratings today raised its ratings on two classes from series 2012A and 2013A issued

...OVERVIEW + We raised our ratings on two classes from Vermont Student Assistant Corp.'s series 2012A and 2013A. + We also affirmed our ratings on 35 classes from Vermont Student Assistant Corp.'s series 2012A, 2013A, and 2016A. + The series are backed by a pool of private fixed-rate student loans made under its Student Advantage and Parent Advantage loan programs. + The upgrades reflect the bonds' short-term maturities, and the affirmations reflect our view of the 2012 trust indenture's credit support, parity, pool characteristics, and the timely interest and principal payments made under stressed cash flow modeling scenarios, among other factors. NEW YORK (S&P Global Ratings) July 25, 2017--S&P Global Ratings today raised its ratings on two classes from series 2012A and 2013A issued by Vermont Student Assistance Corp. (VSAC) out of its July 2012 indenture. At the same time, we affirmed our ratings on 35 classes from series 2012A, 2013A, and 2016A (see list). The bonds are backed by a pool...

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