NEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to rate the EdLinc Student Loan Funding Trust 2012-1 student loan asset-backed notes as follows:
--$326,600,000 class A notes 'AAAsf(EXP)'; Outlook Negative;
--$18,000,000 class B notes 'Asf(EXP)'; Outlook Stable.
Fitch's stress analysis is discussed in the presale titled 'EdLinc Student Loan Funding Trust 2012-1, dated Oct. 11, 2012.
The Class B bonds will bear interest at a current rate and a deferred rate. Fitch will not rate to the deferred portion of the class B bonds.
Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
--'Global Structured Finance Rating Criteria' (June 6, 2012);
--'Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria' (April 3, 2012).
Applicable Criteria and Related Research: EdLinc Student Loan Funding Trust 2012-1 (US ABS)
Global Structured Finance Rating Criteria
Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria
Melvin Zhou, +1-212-908-0503
One State Street Plaza
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Kinga Gorniak, +1-212-908-0792
Cynthia Ullrich, +1-212-908-0609
Sandro Scenga, New York, +1-212-908-0278
Source: Fitch Ratings