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
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Research type: News
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