- Language: English
- Published: May 2012
Presale: Missouri Higher Education Loan Authority ? Series 2011-1 May 11
- ID: 1791307
- May 2011
- Region: Missouri
- Standard & Poors
The preliminary rating assigned to Missouri Higher Education Loan Authority's (MOHELA's) student loan asset-backed notes series 2011-1 reflects our view of: The transaction's initial parity of approximately 103.84%. The parity percentage is defined as the percentage of the total assets (the pool balance and cash available to acquire loans in the acquisition fund, the initial reserve fund, and the capitalized interest fund) divided by the total note principal amount; The U.S. federal government's reinsurance of at least 97% of the loans' principal and interest; and The timely interest and principal payments made under stressed cash flow modeling scenarios that we believe are consistent with the assigned preliminary 'AAA (sf)' rating. The series 2011-1 transaction highlights include: Similar to the recent...
Companies mentioned in this report are: Missouri Hgr Ed Ln Auth
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