Vermont Student Assistance Corp. $27.9 Million Senior Series 2016A Bonds Assigned Ratings

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 13 'A (sf)' ratings to the senior series 2016A bonds. The ratings reflect our view of the transaction's credit support, credit quality, and payment and legal structures, among other factors. NEW YORK (Standard&Poor's) June 9, 2016--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s (VSAC's) $27.9 million education loan revenue bonds senior series 2016A (see list). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan

...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 13 'A (sf)' ratings to the senior series 2016A bonds. + The ratings reflect our view of the transaction's credit support, credit quality, and payment and legal structures, among other factors. NEW YORK (Standard & Poor's) June 9, 2016--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s (VSAC's) $27.9 million education loan revenue bonds senior series 2016A (see list). The note issuance is an asset-backed securities transaction backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs. The rating reflects: + The approximately 31.3%-32.4% credit support available based on our 'A' stressed break-even cash flow scenarios, which provides coverage...

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