U.S. Student Loan ABS Auction Rate Affirmations & Downgrades
Published May 6th, 2009
As announced on April 29, 2009, Fitch Ratings disclosed summarized results of the bulk of its review of all student loan ABS with auction rate exposures. Today, Fitch provides a list of the actions taken in a spreadsheet available on Fitch’s web site at www.fitchratings.com under the following headers:
Structured Finance >> ABS >> Special Reports
With less than 10 trusts remaining to be reviewed, the review resulted in over 1,000 affirmations and 84 downgrades.
These rating actions only pertain to Fitch’s auction rate review, and as Fitch continues to actively monitor its student loan ABS portfolio, further rating actions may be warranted. For the most current ratings, please see Fitch’s web site at www.fitchratings.com.
