Fitch Ratings will apply its updated surveillance criteria in a review of its ratings on U.S. FFELP student loan ABS. The review includes subordinated bonds, the agency announced today.

The updated standards incorporate a more refined approach to basis risk. Fitch’s global structured finance rating criteria and FFELP student loan ABS rating criteria will be used in the review, which will incoprorate trusts with Libor floater bonds only.  

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