Private student loan securitizations issued between 2010 and 2013 contain loans of stronger credit quality and are likely to perform better than 2006 to 2009 securitizations, according to Moody’s Investors Service.

The private student loan default rate index dropped to 3.6% in second-quarter 2013, the first time it has dipped below 4.0% since 2007, says Moody’s Investors Service in its second-quarter performance report on the sector.

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