Standard & Poor's said this morning that a significant portion of FFELP SLABS ‘AAA’ ratings have been lowered to ‘AA+’  because of the U.S. sovereign downgrade.

However, the rating agency stated that rising student loan default rates are not a major concern for FFELP ABS credit since the Department of Education (DoE) guarantees loans at a minimum rate of 97%.

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.