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Brazos Higher Education Authority Inc. Series 2011-2 $1.389 Billion Notes Assigned 'AAA (sf)' Ratings Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW Brazos Higher Education Authority Inc.'s note issuance is a securitization of student loans that are at least 97% reinsured by the U.S. federal government. We assigned our 'AAA (sf)' ratings to the class 2011-II-A notes. The ratings reflect our view of the transaction's credit enhancement, cash flow structure, and collateral portfolio, as well as our stress scenarios, among other factors. NEW YORK (Standard & Poor's) June 21, 2011--Standard & Poor's Ratings Services today assigned its ratings to Brazos Higher Education Authority Inc.'s $1.389 billion student loan asset-backed notes series 2011-2 (see list). The ratings reflect our assessment of: The class 2011-II-A initial parity of approximately 103.48%. The parity percentage is defined as the percentage of the adjusted pool balance...
Companies mentioned in this report are: Brazos Higher Education Authority Inc
Action: New 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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