OVERVIEW Vermont Student Assistance Corp.'s senior series 2010A-1's issuance is backed by a pool of private student loans. We assigned our 'A' rating to the senior series 2010A-1 bonds. The rating reflects our view of the transaction's credit support, parity, payment structure, and pool characteristics, among other factors. NEW YORK (Standard&Poor's) Aug. 3, 2010--Standard&Poor's Ratings Services today assigned its 'A' rating to Vermont Student Assistance Corp.'s $19 million education loan revenue bonds senior series 2010A-1 (tax exempt fixed-rate bonds) (see list). Vermont Student Assistance Corp.'s senior series 2010A-1's issuance is backed by a pool of private student loans. The rating reflects our view of: The availability of approximately 41.0% credit support (based on stressed cash flow