OVERVIEW Vermont Student Assistance Corp.'s issuance is an ABS transaction backed by private fixed-rate student loans. We assigned our preliminary 'AA (sf)' rating to the senior series 2014A bonds. The preliminary 'AA (sf)' rating reflects our view of the loan pool's credit quality, the transaction's ability to make timely interest and principal payments, and the transaction's payment and legal structures, among other factors. NEW YORK (Standard&Poor's) May 23, 2014--Standard&Poor's Ratings Services today assigned its preliminary 'AA (sf)' rating to Vermont Student Assistance Corp.'s $29.830 million education loan revenue bonds senior series 2014A (tax-exempt fixed-rate alternative minimum tax [AMT] bonds). The bond issuance is an asset-backed securities transaction backed by private fixed-rate student loans. The preliminary 'AA
