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Fitch: U.S. Student Loan ABS Facing a Challenge in 2008.

NEW YORK -- As 2007 rolls into 2008, the previously staid world of student loan asset-backed securities (ABS) faces a number of significant challenges ahead. Economic and legislative pressures coupled with credit market dislocation have altered the issuer landscape and their access to funding. Auction rate market volatility has resulted in strong issuer desire to refinance into more economical instruments such as reset rate notes and variable rate demand obligations.

For more information, please see Fitch's newsletter 'The Student Loan Report Card' available on the Fitch Ratings website at in the 'ABS' sector page under 'Newsletters'.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 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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Publication:Business Wire
Date:Feb 15, 2008
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