Vermont Student Assistance Corp. $27.9 Million Bonds Senior Series 2016A Assigned Preliminary 'A (sf)' Rating

OVERVIEW Vermont Student Assistance Corp.'s senior series 2016A issuance is an ABS transaction backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s Student Advantage and Parent Advantage loan programs. We assigned our preliminary 'A (sf)' rating to the senior series 2016A bonds. The preliminary rating reflects our view of the transaction's credit support, expected parity at closing, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) May 10, 2016--S&P Global Ratings today assigned its preliminary 'A (sf)' rating to Vermont Student Assistance Corp.'s $27.9 million education loan revenue bonds senior series 2016A (tax-exempt fixed-rate bonds). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under Vermont Student

...OVERVIEW + Vermont Student Assistance Corp.'s senior series 2016A issuance is an ABS transaction backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s Student Advantage and Parent Advantage loan programs. + We assigned our preliminary 'A (sf)' rating to the senior series 2016A bonds. + The preliminary rating reflects our view of the transaction's credit support, expected parity at closing, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) May 10, 2016--S&P Global Ratings today assigned its preliminary 'A (sf)' rating to Vermont Student Assistance Corp.'s $27.9 million education loan revenue bonds senior series 2016A (tax-exempt fixed-rate bonds). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s (VSAC's) Student Advantage and Parent Advantage loan programs. The preliminary rating is based on information as of May 10, 2016....

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