U.S. primary ABS issuance continues its slower, post-hurricane pace. Around $4 billion priced last week, a below-average amount, and this week is likely to see the same, said Standard & Poor's analysts today.   The Pensylvannia Higer Education Assitance Agency plans to issue its $533.6 million PHEAA Student Loan Trust 2012-1 that will offer a single tranche that has been assigned a  preliminary 'AA+ ' rating by S&P. Fitch Ratings will also rate the deal.

The trust collateral comprises Federal Family Education Loan Program (FFELP) loans, which are  indirectly guaranteed by the U.S. Department of Education for a minimum of 97% of defaulted principal and accrued interest. 

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