Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans - S&P Global Ratings’ Credit Research

Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans

Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans - S&P Global Ratings’ Credit Research
Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans
Published Oct 03, 2014
7 pages (2637 words) — Published Oct 03, 2014
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW We raised our ratings on two classes and affirmed our ratings on eight classes from eight Pennsylvania Higher Education Assistance related issuances backed by FFELP student loans. The upgrades reflect our view that the credit enhancement available in the transaction is able to absorb the 15% haircut to the cash inflows received from the U.S. federal government's FFELP under a 'AAA' stress scenario. The affirmations reflect our view that available credit enhancement levels are sufficient to support the current ratings. NEW YORK (Standard&Poor's) Oct. 3, 2014--Standard&Poor's Ratings Services today raised its ratings on two classes from two Pennsylvania Higher Education Assistance Agency (PHEAA) series and affirmed its ratings on eight PHEAA-related issuances (see list). Each

  
Brief Excerpt:

...OVERVIEW + We raised our ratings on two classes and affirmed our ratings on eight classes from eight Pennsylvania Higher Education Assistance related issuances backed by FFELP student loans. + The upgrades reflect our view that the credit enhancement available in the transaction is able to absorb the 15% haircut to the cash inflows received from the U.S. federal government's FFELP under a '###' stress scenario. + The affirmations reflect our view that available credit enhancement levels are sufficient to support the current ratings. NEW YORK (Standard & Poor's) Oct. 3, 2014--Standard & Poor's Ratings Services today raised its ratings on two classes from two Pennsylvania Higher Education Assistance Agency (PHEAA) series and affirmed its ratings on eight PHEAA-related issuances (see list). Each issuance is a student loan asset-backed securities transaction collateralized by a pool of Consolidation, Stafford, and Parent Loan for Undergraduate Students (PLUS) student loans originated through...

  
Report Type:

Ratings Action

Issuer
Pennsylvania Hgr Ed Asst Agy
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans" Oct 03, 2014. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Two-Ratings-Raised-And-Eight-Affirmed-From-Eight-PHEAA-Related-ABS-Deals-Backed-By-FFELP-Loans-1362827>
  
APA:
S&P Global Ratings’ Credit Research. (). Two Ratings Raised And Eight Affirmed From Eight PHEAA-Related ABS Deals Backed By FFELP Loans Oct 03, 2014. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Two-Ratings-Raised-And-Eight-Affirmed-From-Eight-PHEAA-Related-ABS-Deals-Backed-By-FFELP-Loans-1362827>
  
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