NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the ratings at 'A+' and Stable Outlook on all senior notes of Vermont Student Assistance Corporation Senior Series 2010A-1. The Global SF Criteria and U.S. Private SL ABS Criteria were used to review the transaction. The ratings action is detailed at the end of this press release.
The affirmation and Stable Outlook is based on Fitch's belief that original assumptions remain appropriate considering the transaction's early stage, closing August 2010. As of March 2011, total parity is at 128.07%. This review of Vermont Student Assistance Corp. is based on collateral performance data as of March 2011.
The collateral securing the notes are 100% private student loans and consists of loans originated by VSAC.
Fitch affirms the following, with a Stable Outlook:
VSAC Senior Series 2010A-1
-- Class A-1 (12/15/2015) at 'A+'
-- Class A-1 (12/15/2016) at 'A+'
-- Class A-1 (12/15/2017) at 'A+'
-- Class A-1 (12/15/2018) at 'A+'
-- Class A-1 (12/15/2019) at 'A+'
-- Class A-1 (12/15/2020) at 'A+'
-- Class A-1 (12/15/2021) at 'A+'
-- Class A-1 (12/15/2022) at 'A+'
-- Class A-1 (12/15/2023) at 'A+'
-- Class A-1 (12/15/2024) at 'A+'
-- Class A-1 (12/15/2030) at 'A+'
-- Class A-1 (12/15/2030) at 'A+'
Additional information is available at 'www.fitchratings.com'.
Applicable criteria and Related Research:
--'Global Structured Finance Rating Criteria' (Sept. 30, 2009);
--'U.S. Private Student Loan ABS Criteria' (Aug. 24, 2009).
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326
U.S. Private Student Loan ABS Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=634449
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