Fitch to Rate Brazos Higher Education Authority 2011-1; Presale Issued

NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to rate Brazos Higher Education Authority series 2011-1 (BHEA series 2011-1) as follows:

--$517,000,000 class A-1 student loan asset-backed notes 'AAA';

--$856,000,000 class A-2 student loan asset-backed notes 'AAA';

--$146,000,000 class A-3 student loan asset-backed notes 'AAA'.

Fitch's stress analysis is discussed in the presale titled 'BHEA Series 2011-1', dated March 8, 2011.

The presale report is available to all investors on Fitch's web site at 'www.fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than 20 asset classes, contact product sales at [phone] or at '[e-mail]'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria', Aug. 16, 2010;

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria', dated April 11, 2008.

Applicable Criteria and Related Research: Brazos Higher Education Authority Inc., Series 2011-1 (US ABS)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=603345

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326

Rating US Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=382306

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