The Rhode Island Student Loan Authority (RISLA) is issuing $50.26 million in new revenue bonds whose proceeds will fund non-guaranteed loans RISLA will underwrite to higher-quality credit applicants.

Fitch Ratings and Standard & Poor’s have each issued preliminary double-A ratings to the new 2017 senior series A bonds that are split among 11 classes of notes with varying maturities, according to presale report published Monday.

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