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STUDENT LOAN FNDG CORP SUB SER 1993 A/B EXPECTED 'A+/A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, July 28 /PRNewswire/ -- Fitch expects to assign an `A+' rating to Student Loan Funding Corp.'s (SLFC) $90 million student loan senior subordinated revenue bonds, series 1993 A, and an `A' rating to $10 million student loan junior subordinated revenue bonds, series 1993 B.
 The rating is contingent upon receipt of final documents, cash flows, and legal opinions acceptable to Fitch.
 The bonds will be subordinate to a future issuance of debt from SLFC or from SLFC, Inc. The rating on the bonds will be based on the quality of the student loan portfolio, subordination of the series B bonds, a 6 percent reserve fund, obligations of the U.S. Department of Education under the Federal Family Education Loan Program, as well as excellent servicing provided by AFSA Data Corp. and Great Lakes Higher Education Corp.
 The reserve will be funded on the closing date from bond proceeds. If any debt service payments are made with reserve fund moneys, the fund will be replenished from future excess student loan interest.
 Interest will be payable semiannually on Feb. 1 and Aug. 1 until maturity or redemption. The final maturity date of the bonds is Aug. 1, 2010.
 -0- 7/28/93
 /CONTACT: David R. Howard, 212-908-0677, or Carol Pfeiffer, 212-908-0534, both of Fitch/


CO: Student Loan Funding Corp. ST: IN: SU: RTG

MP -- NY093 -- 6830 07/28/93 15:00 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
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