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TMCNet:  Fitch to Rate Vermont Student Assistance Corporation, Series 2012-1; Presale Issued

[November 14, 2012]

Fitch to Rate Vermont Student Assistance Corporation, Series 2012-1; Presale Issued

NEW YORK --(Business Wire)--

Fitch Ratings expects to rate Vermont Student Assistance Corporation, Series 2012-1, student loan asset-backed notes as follows:

--$755,000,000 floating rate class A notes 'AAAsf(EXP)'; Outlook Negative.

--$15,500,000 floating rate class B notes 'Asf(EXP)'; Outlook Stable.

Fitch's stress analysis is discussed in the presale titled 'Vermont Student Assistance Corporation, Series 2012-1', dated Nov. 14, 2012.

The presale report is available to all investors on Fitch's website at 'www.fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than 20 asset classes, contact product sales at +1-212-908-0800 or at 'webmaster@fitchratings.com'.

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 theratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (June 6, 2012);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS (News - Alert) Criteria' (April 3, 2012).

Applicable Criteria and Related Research: Vermont Student Assistance Corporation Series 2012-1 (US ABS)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=695031

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=679923

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm rpt_id=675202

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 (News - Alert) 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.


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