Market Overview

Fitch Rates EdLinc Student Loan Funding Trust 2012-1

NEW YORK--(BUSINESS WIRE)--

Fitch Ratings assigns ratings to the EdLinc Student Loan Funding Trust asset-backed notes, series 2012-1, as follows:

--$314,648,000 class A notes 'AAAsf'; Outlook Negative;

--$18,993,000 class B notes 'Asf'; Outlook Stable.

Fitch's stress analysis is discussed in the presale titled 'EdLinc Student Loan Funding Trust 2012-1, dated Oct. 1, 2012. The class B bonds will bear interest at a current rate and a deferred rate. Fitch will not rate to the deferred portion of the class B bonds.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (June 6, 2012);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria' (April 3, 2012).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202

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.

Fitch Ratings
Primary Analyst
Melvin Zhou, +1 212-908-0503
Director
Melvin.zhou@fitchratings.com
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Kinga Gorniak, +1 212-908-0792
Associate Director
Kinga.gorniak@fitchratings.com
or
Committee Chairperson
Steven Stubbs, +1 212-908-0676
Senior Director
Steven.stubbs@fitchratings.com
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

 

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