Printer Friendly

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 LOC - lines of code ) issued by Bank of America
See also:  and

Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
 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 ''.

 in full HyperText Transfer Protocol

Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol.
://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, 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 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 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.
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Comment:Fitch Affirms Oklahoma Student Loan Authority's Series 2008II A-1 at 'A+'.
Publication:Business Wire
Geographic Code:1U2NY
Date:Sep 30, 2009
Previous Article:Grace Completes Product Line Divestitures.
Next Article:Positive Interim Data from Minnow Medical Peripheral Artery Disease Trial Presented at TCT 2009 Conference.

Related Articles
Fitch Affs 33 Classes & Upgrs 33 Classes From 21 RMBS Secs.
Fitch: U.S. FFELP ABS Review Yields 473 Affirmations.
Fitch Ratings Affirms 327 ABS Student Loan Bonds.
Fitch Affs 17 Classes From the Arkansas Student Loan Auth Amended & Restated 2000 Indenture of Trust.
Fitch Affirms 16 & Removes 4 Classes from Watch Negative of College Loan Corp. Trust II.
Fitch Affirms 62 and Removes 10 Classes from Watch Negative from College Loan Corp. Trust I.
Fitch Affirms 5 Classes from Rhode Island Student Loan Authority 1993 Master Trust.
Fitch Downgrades Oklahoma Student Loan Authority's Series 2008II A-1 to 'A+'.
Fitch Affirms 7 Classes from South Texas Higher Education Authority 2007 Indenture of Trust.
Fitch Affs Rhode Island Student Loan Authority 2008; Assigns Outlooks.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters