OVERVIEW Vermont Student Assistance Corp.'s series 2012-B issuance is an ABS securitization backed by private student loans made under Vermont Student Assistance Corp.'s loan programs. We assigned our ratings to the class A-1 and A-2 notes. The ratings reflect our view of the transaction's credit support, initial parity, and the loan pool's credit quality, among other factors. NEW YORK (Standard&Poor's) Nov. 28, 2012--Standard&Poor's Ratings Services today assigned its ratings to Vermont Student Assistance Corp.'s (VSAC's) $135.1 million education loan revenue notes series 2012-B (see list). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s loan programs. The ratings reflect our view of: The availability of
