Fitch: Student Loan ABS Volume Sets Record Again in 2004.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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest student loan 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. 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. , despite a drop off in issuance in the fourth quarter of 2004, the student loan ABS market completed another record year. Fitch-rated issuance volume for the year equaled roughly $59.7 billion, an increase of 16.5% over 2003 volume of $51.2 billion. Fitch expects volume to be strong again in 2005 but the rate of year-over-year increase to level off. The newsletter also highlights several noteworthy transactions rated by Fitch's student loan ABS team in the fourth quarter and provides a review of the past year's activity in the sector. The newsletter 'The Student Loan Report Card' is available on the Fitch Ratings web site at www.fitchratings.com under 'ABS' and 'Newsletters.' |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion