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Fitch: U.S. FFELP ABS Review Yields 55 Upgrades, 19 Classes on Watch Positive.


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
 -- Following a recently completed portfolio review of 753 outstanding 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 ) loan transactions, 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.
 has upgraded 55 classes and placed 19 classes on Rating Watch Positive. This release lists the discrete A component or device that is separate and distinct and treated as a singular unit.  trusts followed by master trust transactions and trusts that are structured with an irrevocable Unable to cancel or recall; that which is unalterable or irreversible.


IRREVOCABLE. That which cannot be revoked.
     2. A will may at all times be revoked by the same person who made it, he having a disposing mind; but the moment the testator is
 bond insurance policy.

The collateral collateral (kəlăt`ərəl), something of value given or pledged as security for payment of a loan. Collateral consists usually of financial instruments, such as stocks, bonds, and negotiable paper, rather than physical goods, although  securing the debt includes only FFELP loans, which are guaranteed by an eligible guarantor guarantor n. a person or entity that agrees to be responsible for another's debt or performance under a contract, if the other fails to pay or perform. (See: guarantee)


GUARANTOR, contracts. He who makes a guaranty.
     2.
 to at least 97% of principal and accrued interest Accrued Interest

The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date.

There are two methods for calculating accrued interest:
1) 360-day year method, used for corporate and municipal bonds.
, depending on loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 date. The loans are also reinsured by the U.S. Department of Education up to the same amounts.

Overall, collateral performance for all of the trusts has been consistent with or better than expectations from a net default and delinquency delinquency

Criminal behaviour carried out by a juvenile. Young males make up the bulk of the delinquent population (about 80% in the U.S.) in all countries in which the behaviour is reported.
 perspective. As a result, trust asset to liability or parity parity or space parity, in physics, quantity that refers to the relationship between an object or process and the image that it can produce in a mirror.  ratios have increased due to positive levels of excess spread generated.

Upgrades in the discrete trusts are based on the positive movement in credit enhancement Credit Enhancement

A method whereby a company attempts to improve its debt or credit worthiness.

Notes:
Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing
 levels, which reflect each trust's ability to withstand defaults. The Rating Watch Positive designation DESIGNATION, wills. The expression used by a testator, instead of the name of the person or the thing he is desirous to name; for example, a legacy to. the eldest son of such a person, would be a designation of the legatee. Vide 1 Rop. Leg. ch. 2.
     2.
 for the master trusts reflects positive movement in credit enhancement as capacity to issue additional debt has not been used. If the issuer designates that the master trust is closed and no future issuances will be made, upgrades will likely occur.

Fitch fitch: see polecat.  has upgraded the following FFELP discrete trusts as follows:

Education Loans Inc. - 1998 Indenture Trust

--Class 1K to 'AAA' from 'A'.

First Union Student Loan Trust, 1997-1

--Class B to 'AAA' from 'A'.

Iowa Student Loan Liquidity Corporation 2005-1

--Class B to 'AAA' from 'AA'.

Nelnet Student Loan Trust 2002-1

--Class B to 'AAA'from 'AA'.

Nelnet Student Loan Trust 2002-2

--Class B to 'AAA' from 'AA-'.

Nelnet Student Loan Trust 2003-1

--Class B to 'AAA' from 'AA'.

Nelnet Student Loan Trust 2003-2

--Class B to 'AAA' from 'AA+'.

Nelnet Student Loan Trust 2004-3

--Class B to 'AAA' from 'AA+'.

Nelnet Student Loan Trust 2004-4

--Class B to 'AAA' from 'AA+'.

Nelnet Student Loan Trust 2005-1

--Class B to 'AAA' from 'AA+'.

Nelnet Student Loan Trust 2005-2

--Class B to 'AAA' from 'AA+'.

SLC (Subscriber Loop Carrier) Lucent's designation for its digital loop carrier (DLC) products. See digital loop carrier. See also 386SLC.  Student Loan Trust 2004-1

--Class B to 'AAA' from 'AA+'.

SLC Student Loan Trust 2005-1

--Class B-1 to 'AAA' from 'AA+'.

SLC Student Loan Trust 2005-2

--Class B to 'AAA' from 'AA+'.

SLM See service level management system and spatial light modulator.  Student Loan Trust 2001-4

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2002-4

--Class B to 'AAA' from 'AA'.

SLM Student Loan Trust 2002-5

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2002-6

--Class B to 'AAA' from 'AA'.

SLM Student Loan Trust 2002-8

--Class B to 'AAA' from 'AA'.

SLM Student Loan Trust 2003-1

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-10

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-11

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-12

--Class B-1 to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-14

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-3

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-4

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-6

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-7

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-8

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2003-9

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-1

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-10

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-2

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-3

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-4

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-5

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-6

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-7

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-8

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2004-9

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-1

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-2

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-5

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-7

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-8

--Class B to 'AAA' from 'AA+'.

SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM.

(2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server.
 Student Loan Trust 1999-A

--Class B to 'AAA' from 'A'.

SMS Student Loan Trust 1999-B

--Class B to 'AAA' from 'A'.

SMS Student Loan Trust 2000-A

--Class B to 'AAA' from 'A'.

SMS Student Loan Trust 2000-B

--Class B to 'AAA' from 'A'.

Student Loan Funding Corp - 1998 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

--Class B-1 to 'AAA' from 'A'.

--Class B-2 to 'AAA' from 'A'.

Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 Student Loan Trust 2001-1

--Class B to 'AAA' from 'AA-'.

SMS Student Loan Trust 1997-A

--Class B to 'AAA' from 'A+'.

Nelnet Student Loan Trust 2005-4

--Class B to 'AAA' from 'AA+'.

SLM Student Loan Trust 2005-10

--Class B to 'AAA' from 'AA+'.

Additionally, Fitch has placed the following master trusts on Rating Watch Positive:

Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W).  Educational Loan Marketing Corp. 1992 Trust Indenture 2003

--Class B 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1998

--Class B 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2000

--Class B 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2001

--Class B-1 'A';

--Class B-2 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1995

--Class A-1 'A';

--Class A-2 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1993

--Class E 'A';

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2003

--Class D 'A'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2004

--Class B-1 'A';

--Class B-2 'A';

--Class B-3 'A'.

Florida Florida, state, United States
Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and
 Educational Loan Marketing Corp. 1998 Trust Indenture 1998

--Class A 'A'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2002

--Class B 'A'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2003-1

--Class B 'A'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2003-2

--Class D-1 'A';

--Class D-2 'A'.

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 1993 Master Trust (RI) 1994

--Class II 'A'.

Rhode Island Student Loan Authority 1993 Master Trust (RI) 1995

--Class III 'A'.

Fitch has also affirmed af·firm  
v. af·firmed, af·firm·ing, af·firms

v.tr.
1. To declare positively or firmly; maintain to be true.

2. To support or uphold the validity of; confirm.

v.intr.
 the following FFELP discrete trusts:

Education Loans Inc. - 1998 Indenture Trust

--Class 1G at 'AAA'.

Education Loans Inc. - 1998 Indenture Trust

--Class 1H at 'AAA'.

Education Loans Inc. - 1998 Indenture Trust

--Class 1F 6/1/10 at 'AAA'.

Education Loans Inc. - 1998 Indenture Trust

--Class 1D at 'AAA'.

Education Loans Inc. - 1998 Indenture Trust

--Class 1F 6/1/20 at 'AAA'.

First Union Student Loan Trust, 1997-1

--Class A-2 at 'AAA'.

Iowa Student Loan Liquidity Corporation 2005-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA'.

Nelnet Student Loan Trust 2002-1

--Class A-2 at 'AAA'.

Nelnet Student Loan Trust 2002-2

--Class A-4L at 'AAA';

--Class A-4CP at 'AAA'.

Nelnet Student Loan Trust 2003-1

--Class A-4 at 'AAA'.

Nelnet Student Loan Trust 2003-2

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

Nelnet Student Loan Trust 2004-3

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

Nelnet Student Loan Trust 2004-4

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

Nelnet Student Loan Trust 2005-1

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

Nelnet Student Loan Trust 2005-2

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLC Student Loan Trust 2004-1

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA';

--Class A-7 at 'AAA'.

SLC Student Loan Trust 2005-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

SLC Student Loan Trust 2005-2

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2001-4

--Class A-2 at 'AAA'.

SLM Student Loan Trust 2002-4

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2002-5

--Class A-4L at 'AAA';

--Class A-4CP at 'AAA'.

SLM Student Loan Trust 2002-6

--Class A-4L at 'AAA';

--Class A-4CP at 'AAA'.

SLM Student Loan Trust 2002-8

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2003-1

--Class A-4 at 'AAA';

--Class A-5A at 'AAA';

--Class A-5B at 'AAA';

--Class A-5C at 'AAA'.

SLM Student Loan Trust 2003-10

--Class A-1A at 'AAA';

--Class A-1B at 'AAA';

--Class A-1C at 'AAA';

--Class A-1D at 'AAA';

--Class A-1E at 'AAA';

--Class A-1F at 'AAA';

--Class A-1G at 'AAA';

--Class A-1H at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2003-11

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA';

--Class A-7 at 'AAA'.

SLM Student Loan Trust 2003-12

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

SLM Student Loan Trust 2003-14

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA';

--Class A-7 at 'AAA'.

SLM Student Loan Trust 2003-3

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2003-4

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5A at 'AAA';

--Class A-5B at 'AAA';

--Class A-5D at 'AAA';

--Class A-5C at 'AAA';

--Class A-5E at 'AAA'.

SLM Student Loan Trust 2003-6

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2003-7

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5A at 'AAA';

--Class A-5B at 'AAA'.

SLM Student Loan Trust 2003-8

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2003-9

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2004-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

SLM Student Loan Trust 2004-10

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5A at 'AAA';

--Class A-5B at 'AAA';

--Class A-6A at 'AAA';

--Class A-6B at 'AAA';

--Class A-7A at 'AAA';

--Class A-7B at 'AAA';

--Class A-8 at 'AAA'.

SLM Student Loan Trust 2004-2

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA';

SLM Student Loan Trust 2004-3

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6A at 'AAA';

--Class A-6B at 'AAA'.

SLM Student Loan Trust 2004-4

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

SLM Student Loan Trust 2004-5

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

SLM Student Loan Trust 2004-6

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLM Student Loan Trust 2004-7

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

--

SLM Student Loan Trust 2004-8

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

SLM Student Loan Trust 2004-9

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLM Student Loan Trust 2005-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

SLM Student Loan Trust 2005-2

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLM Student Loan Trust 2005-5

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLM Student Loan Trust 2005-7

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SLM Student Loan Trust 2005-8

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

SMS Student Loan Trust 1997-A

--Class A at 'AAA'.

SMS Student Loan Trust 1999-A

--Class A-2 at 'AAA'.

SMS Student Loan Trust 1999-B

--Class A-2 at 'AAA'.

SMS Student Loan Trust 2000-A

--Class A-2 at 'AAA'.

SMS Student Loan Trust 2000-B

--Class A-2 at 'AAA'.

Student Loan Funding Corp - 1998 Indenture of Trust

--Class A-1 at 'AAA';

--Class A-2 at 'AAA'.

Wells Fargo Student Loan Trust 2001-1

--Class A-2 at 'AAA'.

Nelnet Student Loan Trust 2005-4

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4L at 'AAA';

--Class A-4AR- The root ar- is used in organic chemistry to form classification names for classes of organic compounds which contain a carbon skeleton and one or more aromatic rings. It was extracted from the word aromatic. See e.g. aryl. 1 at 'AAA';

--Class A-4AR-2 at 'AAA'.

SLM Student Loan Trust 2005-10

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA'.

The ratings in the following master trusts are also affirmed:

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2003

--Class A-1A at 'AAA';

--Class A-1B at 'AAA';

--Class A-1C at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1998

--Class A-1 at 'AAA';

--Class A-3 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2001

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2002

--Class A-1 at 'AAA';

--Class C-1 at 'AAA';

--Class C-2 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1995

--Class B-1 at 'AAA';

--Class C-1 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 1993

--Class D at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2003

--Class C-1 at 'AAA';

--Class C-2 at 'AAA';

--Class C-4 at 'AAA';

--Class C-5 at 'AAA'.

Arizona Educational Loan Marketing Corp. 1992 Trust Indenture 2004

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA'.

Education Funding Association-2001 Trust Indenture (ID) 2001

--Class A-1 at 'AAA';

--Class B-1 at 'A';

Education Funding Association-2001 Trust Indenture (ID) 2003

--Class A-1 at 'AAA';

--Class B-1 at 'A'.

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 (Dec. 1, 2003) (ME) 2003

--Class A at 'AAA';

--Class B at 'A'.

Finance Authority of Maine Indenture of Trust (Dec. 1, 2003) (ME) 2005

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class B at 'A'.

Florida Educational Loan Marketing Corp.-1998 Trust Indenture 1999

--Class A at 'AAA';

--Class B at 'AAA'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2002

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-4 at 'AAA'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2003-1

--Class A-1 at 'AAA';

--Class A-6 at 'AAA'.

Florida Educational Loan Marketing Corp. 1998 Trust Indenture 2003-2

--Class C-5 at 'AAA'.

Illinois Illinois, river, United States
Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway.
 Student Assistance Commission 2002 General Resolution (IL) 2002

--Class I-1 at 'AAA';

--Class I-2 at 'AAA';

--Class I-3 at 'AAA';

--Class II at 'A';

--Class III-2 at 'AAA';

--Class IV-1 at 'AAA'.

Illinois Student Assistance Commission 2002 General Resolution (IL) 2003

--Class IV-2 at 'AAA';

--Class IV-3 at 'AAA';

--Class V at 'A'.

Illinois Student Assistance Commission-2002 General Resolution (IL) 2004

--Class VI-1 at 'AAA';

--Class VI-2 at 'AAA';

--Class VI-3 at 'AAA';

--Class VII at 'A'.

Illinois Student Assistance Commission-2002 General Resolution (IL) 2005

--Class VIII-1 at 'AAA';

--Class VIII-2 at 'AAA';

--Class VIII-3 at 'AAA';

--Class IX-1 at 'A';

--Class VIII-4 at 'AAA';

--Class VIII-5 at 'AAA';

--Class VIII-6 at 'AAA';

--Class VIII-7 at 'AAA';

--Class VIII-8 at 'AAA';

--Class IX-2 at 'A'.

Maine Educational Loan Marketing Corp. 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.
 and Restated 1999 Indenture of Trust (1994) (ME) 1994

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class B-1 at 'A'.

Maine Educational Loan Marketing Corp. Amended and Restated 1999 Indenture of Trust (1994) (ME) 1996

--Class A-2 at 'AAA'.

Mississippi Mississippi, state, United States
Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by
 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.
 Assistance Corp. 1993 Trust Indenture (MS) 1993

--Class B at 'AAA'.

Mississippi Higher Education Assistance Corp. 1993 Trust Indenture (MS) 1994

--Class A at 'AAA';

--Class B at 'AAA';

--Class C at 'A'.

Mississippi Higher Education Assistance Corp. 1993 Trust Indenture (MS) 1996

--Class A at 'AAA'.

Mississippi Higher Education Assistance Corp. 1993 Trust Indenture (MS) 1998

--Class B at 'AAA'.

Mississippi Higher Education Assistance Corp. 2004 Indenture of Trust (MS) 2004

--Class A-1 at 'AAA';

--Class B-1 at 'A'.

Nelnet Student Loan Corp. 1 (fka Union Financial Services-1 Inc.) 1996 Indenture of Trust 1996C

--Class B-3 at 'A'.

Nelnet Student Loan Corp. 1 (fka Union Financial Services-1 Inc.) 1996 Indenture of Trust 1997A

--Class B-4 at 'A'.

Nelnet Student Loan Corp. 1 (fka Union Financial Services-1 Inc.) 1996 Indenture of Trust 1998A

--Class A-10 at 'AAA';

--Class A-11 at 'AAA';

--Class A-12 at 'AAA';

--Class B-5 at 'A'.

Nelnet Student Loan Corp. 1 (fka Union Financial Services-1 Inc.) 1996 Indenture of Trust 1999A

--Class A-13 at 'AAA';

--Class A-14 at 'AAA';

--Class A-15 at 'AAA';

--Class A-16 at 'AAA'.

Nelnet Student Loan Corp. 2 (fka Union Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
)-2000 Indenture of Trust 2001-A

--Class A-1 at 'AAA'.

Nelnet Student Loan Corp. 2 (fka Union Financial Services)-2000 Indenture of Trust 2001-B

--Class B-1 at 'A';

--Class B-2 at 'A'.

Nelnet Student Loan Corp. 2 (fka Union Financial Services)-2000 Indenture of Trust 2002

--Class A-7 at 'AAA'.

Nelnet Student Loan Corp. 2 (fka Union Financial Services)-2000 Indenture of Trust 2000

--Class B-1 at 'A'.

NorthStar Guarantee, Inc. 2000 Trust Indenture 2000

--Class B at 'A'.

NorthStar Guarantee, Inc. 2000 Trust Indenture 2002

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class B-1 at 'A'.

NorthStar Guarantee, Inc.-2000 Trust Indenture 2004-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class B-1 at 'A'.

NorthStar Guarantee, Inc.-2000 Trust Indenture 2004-2

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class B at 'A';

NorthStar Guarantee, Inc.-2000 Trust Indenture 2005-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class B at 'A'.

PHEAA PHEAA Pennsylvania Higher Education Assistance Agency  Student Loan Trust I-2003 Trust Indenture 2003-1

--Class A-1 at 'AAA';

--Class A-3 at 'AAA';

--Class B at 'A'.

PHEAA Student Loan Trust I-2003 Trust Indenture 2004-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class A-3 at 'AAA';

--Class B-1 at 'A'.

PHEAA Student Loan Trust I-2003 Trust Indenture 2005-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA';

--Class B-1 at 'A'.

PNC PNC Purdue University North Central (Westville, Indiana)
PnC Point 'n Click
PNC Police National Computer
PNC People's National Congress (Guyana)
PNC People's National Congress
 Bank, NA-Student Loan Trust I 1997-2

--Class A-9 at 'AAA';

--Class B at 'AAA'.

Rhode Island Student Loan Authority-1993 Master Trust (RI) 1994

--Class A at 'AAA';

--Class B at 'AAA';

--Class C at 'AAA'.

Rhode Island Student Loan Authority-1993 Master Trust (RI) 1995

--Class A at 'AAA';

--Class B at 'AAA'.

Student Loan Funding Corp-1997 Indenture of Trust 1997

--Class A-4 at 'AAA';

--Class A-5 at 'AAA';

--Class A-6 at 'AAA';

--Class A-7 at 'AAA'.

Washington Washington, town, England
Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area.
 Student Loan Finance Association - 1998 Indenture of Trust (WA) 1998

--Class A-3 at 'AAA'.

Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 2000

--Class A-1 at 'AAA'.

Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 2001

--Class A-2 at 'AAA'.

Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 2002

--Class A-1 at 'AAA';

--Class A-3 at 'AAA';

--Class A-4 at 'AAA'.

Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 2003

--Class A-1 at 'AAA'.

Washington Student Loan Finance Association - 1998 Indenture of Trust (WA) 2004

--Class A-1 at 'AAA';

--Class A-2 at 'AAA'.

Fitch affirms the following transactions based on the guarantee provided to them by Ambac (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 rated 'AAA' by Fitch):

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 Supplemental Loan Authority-Amended and Restated 1996 Master (CT) 1998

--Class A-07 at 'AAA';

--Class A-08 at 'AAA';

--Class A-09 at 'AAA';

--Class A-10 at 'AAA';

--Class A-11 at 'AAA';

--Class A-12 at 'AAA';

--Class A-13 at 'AAA';

--Class A-14 at 'AAA';

--Class A-15 at 'AAA';

--Class A-16 at 'AAA'.

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

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

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

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

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

--Class A 11/15/18 at 'AAA';

--Class A 11/15/07 at 'AAA';

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

--Class A 11/15/09 at 'AAA'.

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

--Class C-I at 'AAA'.

Iowa Student Loan Liquidity Corporation 2005 C-II C-II Schedule II Controlled Substance (USA)  2005 C-II --Class C-II at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 1996

--Class A-1 at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 1997

--Class A-1 at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 1999

--Class A-1 at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 2000

--Class A-1 at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 2002

--Class A-1B at 'AAA';

--Class A-2 at 'AAA'.

Maine Educational Loan Authority-1996 Trust Indenture (ME) 2005

--Class A-1 at '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 Education Student Loan Authority-1988 Indenture of Trust (MI) 1996 XII

--Class N at 'AAA'.

Michigan Higher Education Student Loan Authority-1988 Indenture of Trust (MI) 1999 XII

--Class Q 3/1/07 at 'AAA';

--Class Q 9/1/07 at 'AAA';

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

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

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

--Class R1 at 'AAA';

--Class R2 at 'AAA'.

Michigan Higher Education Student Loan Authority-1988 Indenture of Trust (MI) 2000 XII

--Class T 3/1/07 at 'AAA';

--Class T 9/1/07 at 'AAA';

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

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

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

--Class U at '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) 2001

--Class AR-1 at 'AAA';

--Class AR-2 at 'AAA';

--Class AR-3 at 'AAA';

--Class AR-4 at 'AAA';

--Class AR-5 at 'AAA';

--Class AR-6 at 'AAA';

--Class AR-7 at 'AAA';

--Class AR-8 at 'AAA';

--Class AR-9 at 'AAA';

--Class AR-10 at 'AAA'.

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

--Class AR-11 at 'AAA';

--Class AR-12 at 'AAA';

--Class AR-13 at 'AAA';

--Class AR-14 at 'AAA'.

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

--Class AR-15 at 'AAA';

--Class AR-16 at '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 (ND) 2000

--Class A at 'AAA';

--Class B at 'AAA'.

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

--Class 1 at 'AAA';

--Class 2 12/1/06 at 'AAA';

--Class 2 12/1/07 at 'AAA';

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

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

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

--Class 1 at 'AAA';

--Class 2 12/1/06 at 'AAA';

--Class 2 12/1/07 at 'AAA';

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

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

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

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

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

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

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

--Class 1 at 'AAA';

--Class 2 12/1/06 at 'AAA';

--Class 2 12/1/07 at 'AAA';

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

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

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

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

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

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

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

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

--Class 1 at 'AAA';

--Class 2 at 'AAA';

--Class 3 12/1/06 at 'AAA';

--Class 3 12/1/07 at 'AAA';

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

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

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

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

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

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

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

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

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

--Class 1 at 'AAA';

--Class 2 at 'AAA';

--Class 3 12/1/06 at 'AAA';

--Class 3 12/1/07 at 'AAA';

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

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

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

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

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

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

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

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

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

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

--Class 1 at 'AAA';

--Class 2 at 'AAA';

--Class 3 12/1/05 at 'AAA';

--Class 3 12/1/07 at 'AAA';

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

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

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

--Class 1 at 'AAA';

--Class 2 at 'AAA';

--Class 3 at 'AAA';

--Class 4 at 'AAA';

--Class 5 at '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 at 'AAA'.

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

--Class K at 'AAA'.

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

--Class L at 'AAA';

--Class N at 'AAA'.

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

--Class P 11/1/07 at 'AAA';

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

--Class Q at 'AAA'.

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

--Class R at 'AAA'.

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

--Class S at 'AAA';

--Class T at 'AAA';

--Class U at 'AAA'.

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

--Class V at 'AAA'.

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

--Class W at 'AAA';

--Class X at 'AAA'.

The following transaction is affirmed based on the guarantee provided by FSA FSA Financial Services Authority
FSA Food Standards Agency (UK)
FSA Farm Service Agency (USDA)
FSA Financial Services Agency (Japan) 
 (Insurer Financial Strength rated 'AAA' by Fitch):

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. - 2005 Indenture of Trust (AK) 2005

--Class A 1/1/07 at 'AAA';

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

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

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

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

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

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

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

--Class A 7/1/07 at 'AAA';

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

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

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

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

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

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

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

The following transactions are affirmed based on the guarantee provided to them by 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
 (Insurer Financial Strength rated of 'AAA' by Fitch):

Alabama Alabama, indigenous people of North America
Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages).
 Higher Education Loan Corp. 1998 Trust (AL) 1998

--Class A at 'AAA'.

Brazos Brazos (brăz`əs), river, 870 mi (1,410 km) long (1,210 mi/1,947 km long with its main tributary), rising in E N.Mex. From its source it flows SE across Texas to enter the Gulf of Mexico at Freeport.  Student Finance Corp. - 1999 Indenture of Trust 1999 --Class A-1 at 'AAA';

--Class A-2 at 'AAA'.

Brazos Student Finance Corp. - 1999 Indenture of Trust 2000 --Class A-11 at 'AAA';

--Class A-12 at 'AAA';

--Class A-13 at 'AAA'.

California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  Educational Facilities Authority - 1997 Trust Indenture (CA) 1997A

--Class A at 'AAA'.

California Educational Facilities Authority - 1997 Trust Indenture (CA) 2001A

--Class A at 'AAA'.

CFLD-I 2001 Master Trust 2001A

--Class A-1 at 'AAA';

--Class A-2 at 'AAA'.

CFLD-I 2001 Master Trust 2002A

--Class A-1 at 'AAA'.

Connecticut Higher Education Supplemental Loan Authority - Amended and Restated 1996 Master (CT) 2000

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

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

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

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

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

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

--Class A 11/15/14 at 'AAA';

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

--Class A 11/15/17 at 'AAA';

--Class A 11/15/20 at 'AAA'.

Connecticut Higher Education Supplemental Loan Authority - Amended and Restated 1996 Master (CT) 2001

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

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

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

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

--Class A 11/15/14 at 'AAA';

--Class A 11/15/18 at 'AAA';

--Class A 11/15/21 at 'AAA'.

Education Loans Inc. - 2005 Indenture Trust (2/1/05) 2005-A

--Class A at 'AAA'.

Illinois Student Assistance Commission - 1998 General Resolution (IL) 1998

--Class A at 'AAA';

--Class B at 'AAA'.

Illinois Student Assistance Commission - 1999 General Resolution (IL) 1999

--Class A-I A-I General Audiences (Catholic movie rating)  at 'AAA';

--Class B-I B-I Blue Infinity  at 'AAA';

--Class B-II at 'AAA';

--Class A-II A-II Adults and Adolescents (Catholic movie rating)  at 'AAA';

--Class B-III at 'AAA'.

KeyCorp Student Loan Trust 2000-A 2000-A

--Class A-2 at 'AAA'.

KeyCorp Student Loan Trust 2000-B 2000-B

--Class A-2 at 'AAA'.

Loanstar Asset Partners II, L.P. 2001 Master Trust 2001

--Class A at 'AAA'.

Loanstar Asset Partners II, L.P. 2002 Master Trust 2002

--Class A at 'AAA'.

Massachusetts Massachusetts (măsəch`sĭts), most populous of the New England states of the NE United States.  Educational Financing Authority - 1997 General Resolution (MA) 1998

--Class A 12/1/06 at 'AAA';

--Class A 12/1/07 at 'AAA';

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

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

--Class A 12/1/09 at 'AAA';

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

--Class C 12/1/08 at 'AAA';

--Class C 12/1/06 at 'AAA';

--Class C 12/1/07 at 'AAA';

--Class C 12/1/09 at 'AAA';

--Class A 12/1/11 at 'AAA';

--Class C 12/1/11 at 'AAA';

--Class C 12/1/10 at 'AAA';

--Class A 12/1/13 at 'AAA';

--Class C 12/1/12 at 'AAA';

--Class A 12/1/14 at 'AAA';

--Class A 12/1/15 at 'AAA';

--Class B at 'AAA';

--Class C 12/1/16 at 'AAA';

--Class C 12/1/15 at 'AAA';

--Class C 12/1/13 at 'AAA';

--Class C 12/1/14 at 'AAA'.

Massachusetts Educational Financing Authority - 1997 General Resolution (MA) 2000

--Class A 12/1/06 at 'AAA';

--Class A 12/1/07 at 'AAA';

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

--Class A 12/1/09 at 'AAA';

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

--Class A 12/1/11 at 'AAA';

--Class A 12/1/13 at 'AAA';

--Class A 12/1/14 at 'AAA';

--Class A 12/1/15 at 'AAA';

--Class A 12/1/16 at 'AAA';

--Class A 12/1/17 at 'AAA';

--Class A 12/1/18 at 'AAA'.

National Collegiate Trust 1997-S2 1997 S-2

--Class S-2 at 'AAA'.

National Collegiate Trust 1998 CP-1 1998 CP-1

--Class CP-1 'A'.

National Collegiate Trust 1999 CP-1 1999 CP-1

--Class CP-1 at 'AAA'.

National Collegiate Trust 2000 CP-1 2000 CP-1

--Class CP-1 at 'AAA'.

National Collegiate Trust 2001-CP1 2001 CP-1

--Class CP-1 at 'AAA'.

National Collegiate Trust 2002-CP1 2002 CP-1

--Class CP-1 at 'AAA'.

National Collegiate Trust 2003-CP1 2003 CP-1

--Class CP-1 at 'AAA'.

National Collegiate Trust 2004 -CP1 2004 CP-1

--Class A-1 at 'AAA';

--Class A-2 at 'AAA'.

Nelnet Group Trust I - 2001 2001

--Class SLIMS at 'AAA'.

SFC SFC
abbr.
sergeant first class
 Grantor Trust Grantor trust

A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement.
 2000-1 2000-1

--Class Certficates at 'AAA'.

SFC Grantor Trust 2000-2 2000-2

--Class Certficates at 'AAA'.

SFC Grantor Trust 2000-3 2000-3

--Class Certficates at 'AAA'.

SFC Grantor Trust 2000-4 2000-4

--Class Certficates at 'AAA'.

SFC Grantor Trust 2001-1 2001-1

--Class Certficates at 'AAA'.

SFC Grantor Trust 2001-2 2001-2

--Class Certficates at 'AAA'.

SFC Grantor Trust 2001-3 2001-3

--Class Certficates at 'AAA'.

SFC Owner Trust 2001-I 2001

--Class A-1 at 'AAA'.

The following transactions are affirmed based on a letter of credit provided to them by State Street Bank (IDR/ Short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 Issuer rated 'AA-/F1+' by Fitch):

LoanStar Asset Partners II, L.P.

--1995 Master Trust at 'AA-/F1+'.

LoanStar Asset Partners, L.P.

--2004 Master Indenture at 'AA-/F1+'.

The following ratings are affirmed based on the standby standby Medtalk adjective Referring to the immediate availability of a certain specialist–anesthesiologist, surgeon, who can be deployed in a medical emergency. Cf Concurrent.  bond purchase agreement provided by Lloyds TSB Lloyds TSB Group plc (LSE: LLOY) is a banking and insurance group in the United Kingdom. It was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank (TSB). The Group's head office is at 25 Gresham Street, London.  Bank PLC (rated 'F1+' by Fitch).

LoanStar Asset Partners II, L.P.

--2001 Master Trust at 'F1+'.

LoanStar Asset Partners II, L.P.

--2002 Trust 2002 at 'F1+'.

The following ratings are affirmed based on the standby bond purchase agreement provided by DEPFA DEPFA Deutsche Pfandbriefanstalt (German bonds Institution)  Bank, PLC (rated 'F1+' by Fitch):

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

--Class L at 'F1+'.

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

--Class Q at 'F1+'.

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

--Class R at 'F1+'.

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

--Class W at 'F1+';

--Class X at 'F1+'.

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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