[July 30, 2010]

Fitch Takes Various Rating Actions on Collegiate Funding Services Education Loan Trust 2005-B

Fitch Ratings has affirmed the senior student loan bonds and downgraded the subordinate bond issued by Collegiate Funding Services Education Loan Trust 2005-B and assigned Outlooks as outlined below:

--Class A-2 affirmed at 'AAA/LS1'; Outlook Stable;

--Class A-3 affirmed at 'AAA/LS1'; Outlook Stable;

--Class A-4 affirmed at 'AAA/LS1'; Outlook Stable;

--Class B downgraded to 'A-/LS3' from 'AAA/LS3'; Outlook Stable.

Class A-1 notes are paid in full.

Additionally, Fitch has removed the subordinated bond from Rating Watch Negative.

Fitch used its Global Structured Finance Rating Criteria and FFELP student loan ABS (News - Alert) rating criteria, as well as the refined basis risk criteria outlined in Fitch's June 29 press release ('Fitch to Begin Review of U.S. FFELP SLABS Applying Updated Criteria') to review the ratings.

Additional information is available at www.fitchratings.com

Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=469406

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

[ InfoTech Spotlight's Homepage ]