Amend: Fitch Rates $525MM FinanSure Student Loan Master Trust I 2007-1 Issue.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- (This is a correction for a press release issued on Feb. 28, 2007 and amends the total bond balance in the title). Fitch rates the following notes issued by FinanSure Student Loan Master Trust I 2007-1: --$86,550,000 senior class A-1 'AAA'; --$86,550,000 senior class A-2 'AAA'; --$86,550,000 senior class A-3 'AAA'; --$86,550,000 senior class A-4 'AAA'; --$86,550,000 senior class A-5 'AAA'; --$28,350,000 subordinate class B-1 'A'; --$28,350,000 subordinate class B-2 'A'; --$28,300,000 subordinate class B-3 'A'; --$7,250,000 junior subordinate class C-1 'BBB'. The ratings on the bonds are based on the quality of Federal Family Education Loan Program The Federal Family Education Loan Program (FFELP) is a United States Department of Education program that provides for private organizations to market, originate, and service federally guaranteed loans, such as Stafford and PLUS loans to students and their parents. (FFELP FFELP Federal Family Education Loan Program ) student loan portfolio, the transaction's legal structure and level of internal credit enhancement. Credit enhancement for the trust consists of the excess spread, a reserve account sized at the greater of 1% of the principal balance or $1 million; and a capitalized interest account funded at $18 million, with subsequent deposits of $5 million and $8 million on May 16, 2007 and Aug. 15, 2007, respectively. There will be an acquisition fund sized at $499.94 million, with additional deposits of $142 million and $238 million on May 16, 2007 and Aug. 15, 2007, respectively. In addition, the senior class A notes benefit from 7.22% subordination provided by the subordinate class B and junior subordinate class C notes. The series 2007-1 senior class A and the subordinate class B notes pay interest based on the 28-day auction rate, with interest paid on the day following each auction period. The junior subordinate class C-1 note pays interest quarterly based on the three-month London Interbank Offered Rate London Interbank Offered Rate A short-term interest rate often quoted as a 1,3,6-month rate for U.S.dollars. (LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). ) plus a spread, commencing May 25, 2007. The class A and B notes delivery date is Feb. 28, 2007, with legal final maturity on Feb. 1, 2047. The class C-1 note delivery date is Feb. 28, 2007, with legal final maturity on May 25, 2029. The collateral securing the notes are Consolidation, Stafford and PLUS loans originated under the FFELP. The loans are guaranteed to at least 97% of principal and accrued interest by an eligible guarantor(s), depending on loan origination date, and are reinsured by the U.S. Department of Education up to the same amounts. Great Lakes Higher Education and ACS (Asynchronous Communications Server) See network access server. Education Services will act as servicers for the loan portfolio. RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
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