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Correction: Fitch Places 404 ABS Bonds on Watch Negative Following Ambac Rating Action.


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 an amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 version of a press release issued Dec. 21, 2007, revising the number of bonds being placed on Rating Watch Negative. The ratings for Vermont Vermont (vərmŏnt`) [Fr.,=green mountain], New England state of the NE United States. It is bordered by New Hampshire, across the Connecticut R.  Student Assistance Corp. are now included in the release.)

Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 places 404 classes of asset-backed securities Asset-backed security

A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.


asset-backed security

A debt security collateralized by specific assets.
 (ABS (Automatic Backup System) See backup program. ) on Rating Watch Negative. This action follows Fitch's placement of Ambac Financial Group Ambac Financial Group (NYSE: ABK) is an American Insurer of bonds, including municipal bonds.

Ambac Financial Group, Inc. (NYSE: ABK) is a holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both
, Inc. and its financial guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant.  insurance subsidiaries' Insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.
 Financial Strength (IFS) rating of 'AAA' on Rating Watch Negative. For more information please refer to 'Fitch Places Ambac on Rating Watch Negative on CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the  & RMBS RMBS Residential Mortgage-Backed Securities
RMBS Rambus, Inc. (NASDAQ stock symbol)
RMBS Russian Mortgage-Backed Securities
 Review', dated Dec. 21, 2007, available on the Fitch Ratings web site at www.fitchratings.com.

The ratings of the following ABS transactions are supported by a financial guaranty policy provided by Ambac Assurance Corp., a subsidiary of Ambac Financial Group, Inc., and are therefore placed on Rating Watch Negative.

Fitch fitch: see polecat.  has placed the following aircraft transactions on Rating Watch Negative:

Babcock Babcock is a surname that can refer to: People
  • Alpheus Babcock (1785–1842) American piano and musical instrument maker
  • Barbara Babcock (b. 1937) American actress
  • Courtney Babcock (b. 1972) Canadian runner
  • Edward V.
 & Brown Air Funding I Limited 2007-1

--Class G-1 notes 'AAA'.

Fitch has placed the following auto loan transactions on Rating Watch Negative:

AmeriCredit AmeriCredit Corp.(NYSE: ACF) is a Fort Worth-based company that provides car loans, both directly and through automobile dealerships, to medium- and high-risk customers in the United States and Canada. Their headquarters is located in Fort Worth, Texas.  Automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of  Receivables Receivables

An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed
 Trust 2004-C-A

--Class A-4 notes 'AAA';

AmeriCredit Automobile Receivables Trust 2005-D-A

--Class A-3 notes 'AAA';

--Class A-4 notes 'AAA'.

Capital One Auto Finance Trust 2004-A

--Class A-4 notes 'AAA'.

Capital One Auto Finance Trust 2005-A

--Class A-4 notes 'AAA'.

Capital One Auto Finance Trust 2006-A

--Class A-3 notes 'AAA';

--Class A-4 notes 'AAA'.

Capital One Auto Finance Trust 2007-A

--Class A-2 notes 'AAA';

--Class A-3-A notes 'AAA';

--Class A-3-B notes 'AAA';

--Class A-4 notes 'AAA'.

Triad Automobile Receivables Trust 2004-A

--Class A-4 notes 'AAA'.

Fitch has placed the following credit card transactions on Rating Watch Negative:

Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
 Master Trust 2001-D

--Class A notes 'AAA'.

Fitch has placed the following rental RENTAL. A roll or list of the rents of an estate containing the description of the lands let, the names of the tenants, and other particulars connected with such estate. This is the same as rent roll, from which it is said to be corrupted.  car transactions on Rating Watch Negative:

Rental Car Finance Corp. Series 2004-1

--Class A notes 'AAA'.

Rental Car Finance Corp. Series 2006-1

--Class A notes 'AAA'.

Hertz hertz (hûrts) [for Heinrich R. Hertz], abbr. Hz, unit of frequency, equal to 1 cycle per second. The term is combined with metric prefixes to denote multiple units such as the kilohertz (1,000 Hz), megahertz (1,000,000 Hz), and gigahertz  Vehicle Financing LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 2005-2

--Class A-1 notes 'AAA';

--Class A-2 notes 'AAA';

--Class A-3 notes 'AAA';

--Class A-4 notes 'AAA';

--Class A-5 notes 'AAA';

--Class A-6 notes 'AAA'.

Fitch has placed the following student loan transactions on Rating Watch Negative:

Access to Loans for Learning Student Loan Corp. - 1998 Master Trust V (CA), 2006

--Class V-A-3 notes 'AAA';

--Class V-A-4 notes 'AAA';

--Class V-A-5 notes 'AAA'.

Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States  Student Loan Corp. - 1988 Indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading.

The term indenture primarily describes secured contracts and has several applications in U.S. law.
 of Trust (AK), 1997

--Class A 7/1/08 'AAA';

--Class A 7/1/09 'AAA';

--Class A 7/1/10 'AAA';

--Class A 7/1/11 'AAA';

--Class A 7/1/12 'AAA';

--Class A 7/1/13 'AAA';

--Class A 7/1/14 'AAA'.

Alaska Student Loan Corp. - 1988 Indenture of Trust (AK), 1998

--Class A 7/1/08 'AAA';

--Class A 7/1/09 'AAA';

--Class A 7/1/10 'AAA';

--Class A 7/1/11 'AAA';

--Class A 7/1/12 'AAA';

--Class A 7/1/13 'AAA';

--Class A 7/1/14 'AAA';

--Class A 7/1/15 'AAA'.

Alaska Student Loan Corp. - 1988 Indenture of Trust (AK), 1999

--Class A 7/1/08 'AAA';

--Class A 7/1/09 'AAA';

--Class A 7/1/10 'AAA';

--Class A 7/1/11 'AAA';

--Class A 7/1/12 'AAA';

--Class A 7/1/13 'AAA';

--Class A 7/1/14 'AAA';

--Class A 7/1/15 'AAA';

--Class A 7/1/16 'AAA'.

Alaska Student Loan Corp. - 1988 Indenture of Trust (AK), 2000

--Class A 7/1/08 'AAA';

--Class A 7/1/09 'AAA';

--Class A 7/1/10 'AAA';

--Class A 7/1/11 'AAA';

--Class A 7/1/12 'AAA';

--Class A 7/1/13 'AAA';

--Class A 7/1/14 'AAA';

--Class A 7/1/15 'AAA';

--Class A 7/1/16 'AAA';

--Class A 7/1/17 'AAA'.

Alaska Student Loan Corp. - 1988 Indenture of Trust (AK), 2001

--Class A 7/1/08 'AAA';

--Class A 7/1/09 'AAA';

--Class A 7/1/10 'AAA'.

CollegeInvest - March 1, 1999 Indenture of Trust, 1989

--Class A 'AAA';

CollegeInvest - March 1, 1999 Indenture of Trust, 1990

--Class A 'AAA';

CollegeInvest - March 1, 1999 Indenture of Trust, 1999

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W).
 Higher Education higher education

Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art.
 Supplemental Loan Authority - Amended and Restated 1996 Master (CT), 1998

--Class A-08 'AAA';

--Class A-09 'AAA';

--Class A-10 'AAA';

--Class A-11 'AAA';

--Class A-12 'AAA';

--Class A-13 'AAA';

--Class A-14 'AAA';

--Class A-15 'AAA';

--Class A-16 'AAA'.

Connecticut Higher Education Supplemental Loan Authority - Amended and Restated 1996 Master (CT), 1999

--Class A 11/15/08 'AAA';

--Class A 11/15/09 'AAA';

--Class A 11/15/10 'AAA';

--Class A 11/15/11 'AAA';

--Class A 11/15/12 'AAA';

--Class A 11/15/13 'AAA';

--Class A 11/15/18 'AAA'.

Finance Authority of Maine Maine, ship
Maine, U.S. battleship destroyed (Feb. 15, 1898) in Havana harbor by an explosion that killed 260 men. The incident helped precipitate the Spanish-American War (Apr., 1898). Commanded by Capt. Charles Sigsbee, the ship had been sent (Jan.
 Indenture of Trust dated as of December December: see month.  1, 2003 (ME), 2007

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA'.

Iowa Student Loan Liquidity Corporation 2005 C-I C-I Schedule I Controlled Substance (USA)  

--Class C-I 'AAA'.

Iowa Student Loan Liquidity Corporation 2005 C-II C-II Schedule II Controlled Substance (USA)  

--Class C-II 'AAA'.

Iowa Student Loan Liquidity Corporation 2007

--Class D 'AAA';

--Class E-I E-I Engineering and/or Installation  'AAA';

--Class E-II 'AAA';

--Class E-III 'AAA'.

KeyCorp Student Loan Trust 2002-A (Group II)

--Class II-A-2 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 1996

--Class A-1 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 1997

--Class A-1 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 1999

--Class A-1 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 2000

--Class A-1 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 2002

--Class A-1B 'AAA';

--Class A-2 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 2005

--Class A-1 'AAA'.

Maine Education Loan Authority 1996 Trust Indenture, 2007

--Class A-1 'AAA'.

Maine Educational Loan Marketing Corp - Amended and Restated 1999 Indenture of Trust (1994) (ME), 1994

--Class A-2 'AAA';

--Class A-3 'AAA'.

Maine Educational Loan Marketing Corp - Amended and Restated 1999 Indenture of Trust (1994) (ME), 1997

--Class A-2 'AAA'.

Maine Educational Loan Marketing Corp - Amended and Restated 1999 Indenture of Trust (1994) (ME), 1999

--Class A-2 'AAA';

--Class A-3 'AAA'.

Massachusetts Massachusetts (măsəch`sĭts), most populous of the New England states of the NE United States.  Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 1995

--Class A 12/1/08 'AAA';

--Class A 12/1/10 'AAA';

--Class A 12/1/11 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 1997

--Class B 7/1/08 'AAA';

--Class B 7/1/09 'AAA';

--Class B 7/1/10 'AAA';

--Class B 7/1/11 'AAA';

--Class B 7/1/12 'AAA';

--Class B 7/1/14 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 1999

--Class B 7/1/08 'AAA';

--Class B 7/1/09 'AAA';

--Class B 7/1/10 'AAA';

--Class B 7/1/11 'AAA';

--Class B 7/1/12 'AAA';

--Class B 7/1/13 'AAA';

--Class B 7/1/14 'AAA';

--Class B 7/1/15 'AAA';

--Class B 7/1/16 'AAA';

--Class B 7/1/17 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2001

--Class A 1/1/08 'AAA';

--Class A 1/1/10 'AAA';

--Class A 1/1/11 'AAA';

--Class A 1/1/13 'AAA';

--Class A 1/1/16 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2002

--Class A 1/1/08 'AAA';

--Class A 1/1/09 'AAA';

--Class A 1/1/10 'AAA';

--Class A 1/1/11 'AAA';

--Class A 1/1/12 'AAA';

--Class A 1/1/13 'AAA';

--Class A 1/1/14 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA';

--Class E 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2003

--Class A 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA';

--Class E 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2004

--Class A 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2005

--Class A 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2006

--Class 2006A-1 'AAA';

--Class 2006A-2 'AAA';

--Class 2006B 'AAA';

--Class 2006C 'AAA';

--Class 2006D 'AAA'.

Massachusetts Educational Financing Authority - Amended and Restated 2001 General Resolution 1992 (MA), 2007

--Class 2007A-1 'AAA';

--Class 2007A-2 'AAA';

--Class 2007A-3 'AAA';

--Class 2007B 'AAA';

--Class 2007C 'AAA';

--Class 2007D 'AAA';

--Class 2007E 'AAA'.

Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E).  Higher Educational Student Loan Authority - 1988 Indenture, 1996

--Class XII-N 'AAA'.

Michigan Higher Educational Student Loan Authority - 1988 Indenture, 1999

--Class XII-Q 9/1/08 'AAA';

--Class XII-Q 3/1/09 'AAA';

--Class XII-Q 9/1/10 'AAA';

--Class XII-R-1 'AAA';

--Class XII-R-2 'AAA'.

Michigan Higher Educational Student Loan Authority - 1988 Indenture, 2000

--Class XII-T 9/1/08 'AAA';

--Class XII-T 3/1/09 'AAA';

--Class XII-T 9/1/10 'AAA';

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 1997-XVII

--Class A 6/1/08 'AAA';

--Class A 6/1/09 'AAA';

--Class A 6/1/10 'AAA';

--Class A 6/1/13 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 1998-XVII

--Class B 6/1/08 'AAA';

--Class B 6/1/18 'AAA';

--Class C 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2001-XVII

--Class D 'AAA'

--Class E 6/1/19 'AAA';

--Class E 6/1/25 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2002-XVII

--Class F 'AAA';

--Class G 'AAA';

--Class H-1 'AAA';

--Class H-2 'AAA';

--Class H-3 'AAA';

--Class H-4 'AAA';

--Class H-5 'AAA';

--Class H-6 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2003-XVII

--Class I-1 'AAA';

--Class I-2 'AAA';

--Class I-3 'AAA';

--Class I-4 'AAA';

--Class I-5 'AAA';

--Class I-6 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2004-XVII

--Class J 'AAA';

--Class K-1 'AAA';

--Class K-2 'AAA';

--Class K-3 'AAA';

--Class K-4 'AAA';

--Class K-5 'AAA';

--Class K-6 'AAA';

--Class K-7 'AAA';

--Class L 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2005-XVII

--Class M-1 'AAA';

--Class M-2 'AAA';

--Class N-1 'AAA';

--Class N-2 'AAA';

--Class N-3 'AAA';

--Class N-4 'AAA';

--Class N-5 'AAA';

--Class N-6 'AAA';

--Class N-7 'AAA';

--Class O 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2005-XVII-P

--Class P 'AAA'.

Michigan Higher Education Student Loan Authority - 1996 General Indenture (MI), 2006-XVII-Q

--Class Q 3/1/17 'AAA';

--Class Q 3/1/26 'AAA';

--Class Q 3/1/31 'AAA'.

Missouri Missouri, state, United States
Missouri (mĭzr`ē, –ə), one of the midwestern states of the United States.
 Higher Education Loan Authority - 1995 12th General Resolution (MO), 1995A

--Class A 'AAA'.

Missouri Higher Education Loan Authority - 1995 12th General Resolution (MO), 1995B

--Class B 'AAA'.

Missouri Higher Education Loan Authority - 1995 12th General Resolution (MO), 1995C

--Class C 'AAA'.

Missouri Higher Education Loan Authority - 1995 12th General Resolution (MO), 1995D

--Class D 'AAA'.

Missouri Higher Education Loan Authority - 1995 12th General Resolution (MO), 2006I

--Class I 'AAA'.

Missouri Higher Education Loan Authority - 1995 12th General Resolution (MO), 2006J

--Class J 'AAA'.

National Collegiate col·le·giate  
adj.
1. Of, relating to, or held to resemble a college.

2. Of, for, or typical of college students.

3. Of or relating to a collegiate church.
 Master Student Loan Trust I - Amended and Restated 2002 General Indenture (2001), 2002

--Class A-4 'AAA';

--Class A-5 'AAA';

--Class A-6 'AAA';

--Class A-7 'AAA';

--Class A-8 'AAA';

--Class A-9 'AAA';

--Class A-10 'AAA'.

National Collegiate Master Student Loan Trust I - Amended and Restated 2002 General Indenture (2001), 2003

--Class A-11 'AAA';

--Class A-12 'AAA';

--Class A-13 'AAA';

--Class A-14 'AAA'.

National Collegiate Master Student Loan Trust I - Amended and Restated 2002 General Indenture (2001), 2005

--Class A-15 'AAA';

--Class A-16 'AAA'.

National Collegiate Student Loan Trust 2007-3

--Class A-1-L 'AAA';

--Class A-2-AR-1 'AAA';

--Class A-2-AR-2 'AAA';

--Class A-2-AR-3 'AAA';

--Class A-2-AR-4 'AAA';

--Class A-3-AR-1 'AAA';

--Class A-3-AR-2 'AAA';

--Class A-3-AR-3 'AAA';

--Class A-3-AR-4 'AAA';

--Class A-3-AR-5 'AAA';

--Class A-3-AR-6 'AAA';

--Class A-3-AR-7 'AAA';

--Class A-3-L 'AAA';

--Class A-IO 'AAA'.

National Collegiate Student Loan Trust 2007-4

--Class A-1-L 'AAA';

--Class A-2-AR-1 'AAA';

--Class A-2-AR-2 'AAA';

--Class A-2-AR-3 'AAA';

--Class A-2-AR-4 'AAA';

--Class A-3-AR-1 'AAA';

--Class A-3-AR-2 'AAA';

--Class A-3-AR-3 'AAA';

--Class A-3-AR-4 'AAA';

--Class A-3-AR-5 'AAA';

--Class A-3-AR-6 'AAA';

--Class A-3-AR-7 'AAA';

--Class A-3-L 'AAA';

--Class A-IO 'AAA'.

North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N).  Student Loan Trust, 2000

--Class A 'AAA';

--Class B 'AAA'.

North Texas Higher Education Authority The Higher Education Authority[1] (HEA) is the authority in Ireland with responsibility for higher education since 1968 and placed on a statutory basis in 1971. The authority supports HEAnet, part of the GEANT network. , Inc. - Second 1991 Indenture of Trust, 2006

--Class D 'AAA/F1+'.

North Texas Higher Education Authority, Inc. - April 1, 2006 Indenture of Trust, 2006

--Class A 'AAA/F1+';

--Class B 'AAA/F1+';

--Class C 'AAA/F1+'.

Rhode Island Rhode Island, island, United States
Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches.
 Student Loan Authority - 1997 Master Trust (RI) 1997

--Class 1 notes 'AAA';

--Class 2 12/1/08 notes 'AAA';

--Class 2 12/1/12 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 1998

--Class 1 notes 'AAA';

--Class 2 12/1/08 notes 'AAA';

--Class 2 12/1/09 notes 'AAA';

--Class 2 12/1/10 notes 'AAA';

--Class 2 12/1/11 notes 'AAA';

--Class 2 12/1/12 notes 'AAA';

--Class 2 12/1/13 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 1999

--Class 1 notes 'AAA';

--Class 2 12/1/08 notes 'AAA';

--Class 2 12/1/09 notes 'AAA';

--Class 2 12/1/10 notes 'AAA';

--Class 2 12/1/11 notes 'AAA';

--Class 2 12/1/12 notes 'AAA';

--Class 2 12/1/13 notes 'AAA';

--Class 2 12/1/14 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 2000

--Class 1 notes 'AAA';

--Class 2 notes 'AAA';

--Class 3 12/1/08 notes 'AAA';

--Class 3 12/1/09 notes 'AAA';

--Class 3 12/1/10 notes 'AAA';

--Class 3 12/1/11 notes 'AAA';

--Class 3 12/1/12 notes 'AAA';

--Class 3 12/1/13 notes 'AAA';

--Class 3 12/1/14 notes 'AAA';

--Class 3 12/1/15 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 2001

--Class 1 notes 'AAA';

--Class 2 notes 'AAA';

--Class 3 12/1/08 notes 'AAA';

--Class 3 12/1/09 notes 'AAA';

--Class 3 12/1/10 notes 'AAA';

--Class 3 12/1/11 notes 'AAA';

--Class 3 12/1/12 notes 'AAA';

--Class 3 12/1/13 notes 'AAA';

--Class 3 12/1/14 notes 'AAA';

--Class 3 12/1/15 notes 'AAA';

--Class 3 12/1/16 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 2002

--Class 1 notes 'AAA';

--Class 2 notes 'AAA';

--Class 3 12/1/09 notes 'AAA';

--Class 3 12/1/11 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 2003-1

--Class 1 notes 'AAA';

--Class 2 notes 'AAA';

--Class 3 notes 'AAA'.

Rhode Island Student Loan Authority - 1997 Master Trust (RI) 2003-2

--Class 4 notes 'AAA';

--Class 5 notes 'AAA';

Rhode Island Student Loan Authority - 2004 Trust (RI) 2004

--Class A-1 notes 'AAA';

--Class A-2 notes 'AAA';

--Class A-3 12/1/08 notes 'AAA';

--Class A-3 12/1/09 notes 'AAA';

--Class A-3 12/1/10 notes 'AAA';

--Class A-3 12/1/11 notes 'AAA';

--Class A-3 12/1/12 notes 'AAA';

--Class A-3 12/1/13 notes 'AAA';

--Class A-3 12/1/14 notes 'AAA';

--Class A-3 12/1/15 notes 'AAA';

--Class A-3 12/1/16 notes 'AAA';

--Class A-3 12/1/18 notes 'AAA'.

Rhode Island Student Loan Authority - 2004 Trust (RI) 2006

--Class A-1 notes 'AAA';

--Class A-2 notes 'AAA';

--Class A-3 12/1/16 notes 'AAA';

--Class A-3 12/1/21 notes 'AAA';

--Class A-3 12/1/26 notes 'AAA'.

State Board of Regents An independent governing body that oversees a state's public Colleges and Universities.

All 50 states have governing bodies that oversee the administration of public education.
 of the State of Utah - 1988 General Indenture (UT), 1988

--Class C notes 'AAA/F1+'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 1994

--Class K notes 'AAA'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 1995

--Class L notes 'AAA/F1+';

--Class N notes 'AAA'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 1996

--Class P 5/1/08 notes 'AAA';

--Class Q notes 'AAA/F1+'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 1997

--Class R notes 'AAA/F1+'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 2000

--Class S notes 'AAA';

--Class T notes 'AAA';

--Class U notes 'AAA'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 2003

--Class V notes 'AAA'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 2005

--Class W notes at 'AAA/F1+';

--Class X notes at 'AAA/F1+'.

State Board of Regents of the State of Utah - 1988 General Indenture (UT), 2007

--Class Y notes at 'AAA/F1+'.

State of Ohio - Student Loan Revenue Bonds, 2006A

--Class ARCs 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 1995

--Class A 'AAA';

--Class B 'AAA';

--Class C 'AAA';

--Class D 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 1996

--Class F 'AAA';

--Class G 'AAA';

--Class H 'AAA';

--Class I 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 1998

--Class K 'AAA';

--Class L 'AAA';

--Class M 'AAA';

--Class N 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2000

--Class R 'AAA';

--Class S 'AAA';

--Class T 'AAA';

--Class U 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2001

--Class AA 'AAA';

--Class V 'AAA';

--Class W 'AAA';

--Class X 'AAA';

--Class Y 'AAA';

--Class Z 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2002

--Class BB 'AAA';

--Class CC 'AAA';

--Class DD 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2003

--Class FF 'AAA';

--Class FF 'AAA';

--Class GG 'AAA';

--Class HH 'AAA';

--Class II 'AAA';

--Class JJ 'AAA';

--Class KK 'AAA';

--Class LL 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2004

--Class MM 'AAA';

--Class NN 'AAA';

--Class OO 'AAA';

--Class PP 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2005

--Class QQ 'AAA';

--Class RR 'AAA';

--Class SS 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2006

--Class TT 'AAA';

--Class UU 'AAA';

--Class VV 'AAA'.

Vermont Student Assistance Corp. - 1995 Bond Resolution, 2007

--Class WW 'AAA';

--Class XX 'AAA';

--Class YY 'AAA'.

The following aircraft class remains on Rating Watch Negative. The class is supported by a financial guaranty policy provided by Financial Guaranty Insurance Company (FGIC FGIC

See Financial Guaranty Insurance Corporation (FGIC).
), MBIA MBIA Montana Building Industry Association
MBIA Municipal Bond Insurance Association
MBIA Michigan Boating Industries Association
MBIA Municipal Bond Investors Assurance
MBIA Massachusetts Brain Injury Association
MBIA Maryland Business Incubation Association
 Insurance Corp., and Ambac Assurance Corp:

Aviation Capital Group Trust III 2005-1

--Class G-1 notes 'AAA'.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide.
 of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria criteria (krītēr´ē),
n.
 and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality Restrictions on the accessibility and dissemination of information. Confidentiality is one of the six fundamental components of information security (see Parkerian Hexad). , conflicts of interest, affiliate Affiliate

Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company.
 firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental  are also available from the 'Code of Conduct' section of this site.
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Date:Jan 3, 2008
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