Nelnet is marketing a $1.01 billion student loan securitization called Nelnet Student Loan Trust 2012-6.

Moody's Investors Service has assigned provisional ratings of ‘Aaa’ to the class A notes and ‘A2’ to the class B notes included in the capital structure of the deal, according to a presale report on the deal

The deal is backed by roughly 75% non-rehabilitated Federal Family Education Loan Program  student loans and approximately 25% rehabilitated FFELP student loans.

FFELP loans are indirectly guaranteed by the U.S. Department of Education for a minimum of 97% of defaulted principal and accrued interest.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.