Sallie Mae is marketing a $747 million of securitization of government guaranteed student loans.

The deal, SLM Student Loan Trust 2013-4, is the lender’s fourth securitization of Federal Family Education Loan Program (FFELP) non-consolidation loans this year, according to a Moody’s Investors Service presale report.

Sallie Mae last marketing a FFLEP backed student loan ABS in June.

Moody’s and Fitch Ratings assigned a preliminary ratings of ‘Aaa’ / 'AAA'  to the class A notes, respectively; and ‘Aa1’/ 'A+' ratings to the class B notes, respectively. Bank of America Merrill Lynch and Credit Suisse are lead managers on the deal.

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