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Educational Funding Of The South Inc. 2011-1 Series Notes Assigned Preliminary Ratings Product Image

Educational Funding Of The South Inc. 2011-1 Series Notes Assigned Preliminary Ratings

  • ID: 1784924
  • March 2011
  • Standard & Poors

Abstract
OVERVIEW Educational Funding Of The South Inc.'s 2011-1 series note issuance is a securitization of student loans that are at least 97% reinsured by the U.S. federal government. We assigned our preliminary ratings to the class A notes. The preliminary ratings reflect our view of the class A initial parity, the U.S. government's reinsurance, and our stress scenarios, among other factors. NEW YORK (Standard & Poor's) March 31, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to Educational Funding Of The South Inc.'s student loan asset-backed notes 2011-1 series (see list). The preliminary ratings are based on information as of March 31, 2011. Subsequent information may result in the assignment of final ratings that differ from the preliminary...

Companies mentioned in this report are: Educational Funding of the South Inc
Action: Preliminary Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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