Fitch Affirms SLM Corp.'s IDR at 'A+'; Outlook Remains Stable.NEW YORK -- Fitch affirms SLM See service level management system and spatial light modulator. Corp.'s (NYSE NYSE See: New York Stock Exchange :SLM) long-term Issuer Default Rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) at 'A+' and its short-term issuer rating at 'F1+'. Other ratings affected by this action are detailed at the end of this release. The Rating Outlook for SLM remains Stable. Approximately $43 billion of debt is affected by this action. The affirmation reflects the company's leading market share in the federally guaranteed student lending industry, earnings consistency, increasing diversity of revenues, and the reduction in near-term legislative risk with the reauthorization of the Higher Education Act The Higher Education Act may refer to an Act of either the Congress of the United States or of the Parliament of the United Kingdom.
SLM's ratings could be negatively impacted by declining credit quality in the private education loan portfolio, which now represents approximately 15% of the company's managed student loan portfolio. Ratings affirmed with a Stable Outlook: SLM Corp. --Long-term Issuer Default Rating (IDR) 'A+'; --Long-term senior debt 'A+'; --Preferred Stock 'A'; --Short-term '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 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. |
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