SLM Corp., better known as Sallie Mae, is in the market with a SLABS 144A deal from its SLM Private Education Loan Trust 2011-C.
Moody's Investors Service has assigned its provisional ratings of 'Aaa(sf)' to three classes of senior notes worth $985 million divided into $440 million floating-rate Class A-1 notes, $195 million floating-rate Class A-2A notes and $350 million fixed-rate Class A-2B notes.
As previously reported by ASR, Iowa Student Loan Liquidity Corp. is in the market with a student loan transaction that Morgan Stanley is underwriting.
The deal is backed by private student loans made under the issuer's private loan programs. The deal is divided into a Class A-1 worth $244.25 million and a Class A-2 worth $187.95. Standard & Poor's gave a provisional 'A (sf)' rating to the notes worth $432.2 million.
In other sectors, Bloomberg reported that Macquarie plans to sell $500 million auto ABS to be led by the Royal Bank of Scotland and JPMorgan Securities.
It also reported that Enterprise Rent-A-Car, through its Enterprise Fleet Financing Trust, might be selling a $398 million 144A ABS. The deal will be jointly led by JPMorgan, Bank of America Merrill Lynch and Royal Bank of Scotland.