Vermont Student Assistance Corp. Series 2020A Bonds Assigned 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 ratings to the series 2020A bonds. The ratings reflect our view of the transaction's available credit support, initial parity ratios, and payment and legal structures, as well as the credit quality of both the existing loans and the loans to be originated, among other factors. NEW YORK (S&P Global Ratings) June 24, 2020--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s $43.38 million education loan tax-exempt fixed-rate revenue bonds senior series 2020A (see list). The bond issuance is an asset-back securities (ABS) transaction

...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 ratings to the series 2020A bonds. + The ratings reflect our view of the transaction's available credit support, initial parity ratios, and payment and legal structures, as well as the credit quality of both the existing loans and the loans to be originated, among other factors. NEW YORK (S&P Global Ratings) June 24, 2020--S&P Global Ratings today assigned its 'A (sf)' ratings to Vermont Student Assistance Corp.'s $43.38 million education loan tax-exempt fixed-rate revenue bonds senior series 2020A (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 ratings reflect: + The availability...

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