Some of the lowest-rated tranches of older student-loan backed securities are likely to get a ratings uplife as the result of a new analytical tool adopted by Fitch Ratings.

Fitch said in a report published Tuesday that it's developing a tool tol improve its surveillance of Federal Family Education Loan Program student loan ABS. Initial tests indicate that using the tool could impact 10% to 15% of the existing FFELP ABS currently rated by Fitch.

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