2010-07-30 19:53:01 -
Fitch Ratings affirms and maintains Negative Rating Outlooks on the Rhode Island Student Loan Authority (RISLA)-2008 Trust private student loan asset-backed notes of. The Global SF Criteria and U.S. Private SL ABS Criteria were used to review the transaction. A full list of rating actions follows at the end of this release.
The affirmations reflect Fitch's review of RISLA series 2008, the assumptions of which have not changed significantly since the last review. The trust maintains low levels of deferment and forbearance and no defaults as the majority of loans in the trust are not in repayment as of the most recent reporting period. As such, the assumptions applied to the original analysis of the collateral performance at closing are still
effective. The Negative Outlooks reflects Fitch's view on the private student loan sector in general.
Fitch affirms the following classes.
--Series A 12-01-2013 at 'AAA'; Outlook Negative
--Series A 12-01-2014 at 'AAA'; Outlook Negative
--Series A 12-01-2015 at 'AAA'; Outlook Negative
--Series A 12-01-2016 at 'AAA'; Outlook Negative
--Series A 12-01-2017 at 'AAA'; Outlook Negative
--Series A Term 06-01-2028 at 'AAA'; Outlook Negative
--Series A Term 12-01-2018 at 'AAA'; Outlook Negative
--Series A Term 12-01-2023 at 'AAA'; Outlook Negative
--Series I at 'A'; Outlook Negative.
Fitch's 'Global SF Criteria' and 'U.S. Private SL ABS Criteria' were used to review the transaction. Both are available at www.fitchratings.com :
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Additional information is available at www.fitchratings.com :
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Related Research.
Global Structured Finance Rating Criteria
www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id= .. :
U.S. Private Student Loan ABS Criteria
www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id= .. :
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FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS :
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IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM :
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PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Fitch Ratings, New YorkEmily Lee, +1-212-908-0667Aoto
Kenmochi, +1-212-908-9867Media Relations:Sandro Scenga,
+1-212-908-0278
sandro.scenga@fitchratings.com : mailto:sandro.scenga@fitchratings.com
