Vermont Student Assistance Corp. (Series 2014-B) Notes Assigned Preliminary Rating Of 'A(sf)'

OVERVIEW Vermont Student Assistance Corp.'s series 2014-B issuance is an asset-backed securitization backed by student loans at least 97% reinsured by the U.S. federal government and uninsured private student loans made under Vermont Student Assistance Corp.'s loan programs. We assigned the series our preliminary 'A (sf)' rating. The preliminary rating reflects the transaction's expected parity at closing, the target overcollateralization, and our view of the transaction's payment and legal structures, among other factors. NEW YORK (Standard&Poor's) Nov. 13, 2014--Standard&Poor's Ratings Services today assigned its preliminary rating of 'A (sf)' to Vermont Student Assistance Corp.'s $59.7 million education loan revenue notes series 2014-B. The note issuance is an asset-backed securities transaction backed by student loans at least

...OVERVIEW + Vermont Student Assistance Corp.'s series 2014-B issuance is an asset-backed securitization backed by student loans at least 97% reinsured by the U.S. federal government and uninsured private student loans made under Vermont Student Assistance Corp.'s loan programs. + We assigned the series our preliminary 'A (sf)' rating. + The preliminary rating reflects the transaction's expected parity at closing, the target overcollateralization, and our view of the transaction's payment and legal structures, among other factors. NEW YORK (Standard & Poor's) Nov. 13, 2014--Standard & Poor's Ratings Services today assigned its preliminary rating of 'A (sf)' to Vermont Student Assistance Corp.'s $59.7 million education loan revenue notes series 2014-B. The note issuance is an asset-backed securities transaction backed by student loans at least 97% reinsured by the U.S. federal government and uninsured private student loans made under Vermont Student Assistance Corp.'s loan programs. The preliminary...

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