Vermont Student Assistance Corp. $37.555 Million Series 2018A And 2018B Bonds Assigned Preliminary Ratings

OVERVIEW Vermont Student Assistance Corp.'s 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 ratings to the series 2018A and 2018B bonds The preliminary ratings reflect our view of the transaction's credit support, credit quality, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) April 25, 2018--S&P Global Ratings today assigned its preliminary ratings to Vermont Student Assistance Corp.'s $37.555 million education loan revenue bonds senior series 2018A and subordinate series 2018B tax-exempt, fixed-rate bonds (series 2018A and 2018B bonds; see list). The bond issuance is an asset-back securities (ABS) transaction backed by private fixed-rate student loans

...OVERVIEW + Vermont Student Assistance Corp.'s 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 ratings to the series 2018A and 2018B bonds + The preliminary ratings reflect our view of the transaction's credit support, credit quality, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) April 25, 2018--S&P Global Ratings today assigned its preliminary ratings to Vermont Student Assistance Corp.'s $37.555 million education loan revenue bonds senior series 2018A and subordinate series 2018B tax-exempt, fixed-rate bonds (series 2018A and 2018B bonds; see list). The bond issuance is an asset-back securities (ABS) transaction backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s Student Advantage and Parent Advantage loan programs. The preliminary ratings are based on information...

Ratings Action