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Fitch Rates Edsouth Indenture No. 3, LLC, Series 2012-2 (EDUSA 2002-2)

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NEW YORK--(BUSINESS WIRE)--

Fitch Ratings assigns the following ratings for two classes of EDUSA 2002-2 notes issued by Edsouth Indenture No. 3, LLC, pursuant to a discrete indenture dated Oct. 1, 2012:

--$462,000,000 floating rate class A notes 'AAAsf'; Outlook Negative;

--$9,200,000 floating rate class B notes 'Asf'; Outlook Stable.

Fitch's stress analysis is discussed in the presale titled 'Edsouth Indenture No. 3, LLC, Series 2012-2', dated Oct. 16, 2012.

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

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Fitch, Inc.
Primary Analyst
Jeffrey Prackup, +1-212-908-0839
Director
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Kinga Gorniak, +1-212-908-0792
Associate Director
or
Committee Chairperson
Tracy Wan, +1-212-908-9171
Senior Director
or
Media Relations
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

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