Student Loan | Fitch Affirms Nelnet Student Loan Trust, Series 2010-2 Senior Notes
January 12, 2012 – 4:19 am
NEW YORK–(BUSINESS WIRE)– Fitch Ratings affirms the senior student loan notes issued by Nelnet Student Loan Trust series 2010-2 at ‘AAAsf’. The Rating Outlook remains negative. Fitch used its ‘Global structured Finance Rating Criteria’, and ‘U.S. FFELP Student Loan ABS Surveillance Criteria’, as well as ‘Rating U.S. Federal Family Education Loan Program Student Loan ABS’ to review the ratings.
The rating on the senior note is affirmed based on the sufficient level of credit enhancement consisting of overcollateralization and projected minimum excess spread to cover the applicable risk factor stresses.
Fitch has taken the following rating actions:
Nelnet Student Loan Trust, Series 2010-2
–Class A affirmed at ‘AAAsf’; Outlook Negative
Additional information is available at ‘ www.fitchratings.com ‘. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
–’Global Structured Finance Rating Criteria’ (Aug. 4, 2011);
–’U.S.FFELP Student Loan ABS Surveillance Criteria’ (May 10, 2011);
–’Rating U.S. Federal Family Education Loan Program Student Loan ABS’ (April 7, 2011).
Applicable Criteria and Related Research:
U.S. FFELP Student Loan ABS Surveillance Criteria
Global Structured Finance Rating Criteria
Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria
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Tags: Student Loan
