Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings

Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings
Published Apr 30, 2024
4 pages (1748 words) — Published Apr 30, 2024
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Abstract:

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 senior series 2024A bonds. The preliminary ratings reflect our view of the transaction's credit support, expected parity, and payment and legal structures, among other factors. GULFPORT (S&P Global Ratings) April 30, 2024--S&P Global Ratings today assigned its preliminary ratings to Vermont Student Assistance Corp.'s (VSAC's) education loan revenue tax-exempt, fixed-rate senior series 2024A bonds (see list). The note issuance is an ABS transaction backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs. The preliminary ratings are based on

  
Brief Excerpt:

...- 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 senior series 2024A bonds. - The preliminary ratings reflect our view of the transaction's credit support, expected parity, and payment and legal structures, among other factors. GULFPORT (S&P Global Ratings) April 30, 2024--S&P Global Ratings today assigned its preliminary ratings to Vermont Student Assistance Corp.'s (VSAC's) education loan revenue tax-exempt, fixed-rate senior series 2024A bonds (see list). The note issuance is an ABS transaction backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs. The preliminary ratings are based on information as of April 30, 2024. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings....

  
Report Type:

Ratings Action

Ticker
28543MF
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings" Apr 30, 2024. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Vermont-Student-Assistance-Corp-Senior-Series-2024A-Bonds-Assigned-Preliminary-Ratings-3163433>
  
APA:
S&P Global Ratings’ Credit Research. (). Vermont Student Assistance Corp. Senior Series 2024A Bonds Assigned Preliminary Ratings Apr 30, 2024. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Vermont-Student-Assistance-Corp-Senior-Series-2024A-Bonds-Assigned-Preliminary-Ratings-3163433>
  
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