Fitch Ratings said today that its outlook for both FFELP and private SLABS is negative. The rating agency expects both sectors to remain in the headlines in 2012.
The agency expects FFELP SLABS collateral performance to stay stable through the next year. The Negative Rating Outlook for all triple-FFELP tranches reflects the agency's Negative Rating Outlook on the long-term foreign and local currency U.S. issuer default ratings (IDRs). Without any significant developments, the agency does not expect to resolve the Negative Rating Outlook until late 2013.