Fitch: Student Loan ABS Volume Off to Slower Start in '05.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 -- According to the latest student loan asset-backed securities newsletter published this week by 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. , student loan asset-backed securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. volume for the first quarter of 2005 was approximately 23% less than the first quarter a year ago. Indeed, this dip was not wholly unexpected, as Sallie Mae Sallie Mae: see SLM Corporation. lived up to its prediction and began to scale back issuance. Other issuers stepped in, however, and made up some of the difference in issuance volume and are expected to continue to do so as the year progresses. The newsletter also highlights several noteworthy transactions rated by Fitch's student loan ABS team in the first quarter of 2005. The newsletter "The Student Loan Report Card" is available on the Fitch Ratings web site at www.fitchratings.com by linking to the "ABS" sector and clicking on "Newsletters." |
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