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Fitch Affirms Oklahoma Student Loan Authority's Series 2008II A-1 at 'A+'.

NEW YORK -- Fitch Ratings affirms the long- and short-term ratings of the Oklahoma Student Loan Authority's Oklahoma student loan bonds and notes, senior variable rate demand obligations, series 2008II A-1 bonds (the bonds) at 'A+' and 'F1+', respectively. In addition, Fitch assigns a Stable Rating Outlook to the long-term rating.

The ratings are based on the support provided by a direct-pay letter of credit (LOC) issued by Bank of America N.A. (BofA), providing full support to the bonds. BofA is obligated to make payments of interest and principal on the bonds upon maturity, acceleration and redemption, as well as the purchase price for tendered bonds.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
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Comment:Fitch Affirms Oklahoma Student Loan Authority's Series 2008II A-1 at 'A+'.
Publication:Business Wire
Geographic Code:1U2NY
Date:Sep 30, 2009
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