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

Vermont Student Assistance Corp.'s issuance is an ABS securitization backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s Student Advantage and Parent Advantage loan programs. We assigned our 'A (sf)' ratings to the senior series 2024A bonds. The ratings reflect our view of the transaction's available credit support, initial parity ratios, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) June 18, 2024--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s (VSAC's) senior series 2024A education loan revenue bonds, which are tax-exempt, fixed-rate bonds (see list). The bond issuance is ABS securitization backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs.

...- Vermont Student Assistance Corp.'s issuance is an ABS securitization backed by private fixed-rate student loans made under Vermont Student Assistance Corp.'s Student Advantage and Parent Advantage loan programs. - We assigned our 'A (sf)' ratings to the senior series 2024A bonds. - The ratings reflect our view of the transaction's available credit support, initial parity ratios, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) June 18, 2024--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s (VSAC's) senior series 2024A education loan revenue bonds, which are tax-exempt, fixed-rate bonds (see list). The bond issuance is ABS securitization backed by private fixed-rate student loans made under VSAC's Student Advantage and Parent Advantage loan programs. The ratings reflect our view of: - The availability of approximately 26.0%-26.5% credit support for the series 2023A bonds based on our 'A' stressed break-even...

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