TMCnet News
Fitch Publishes 1st Quarter 2015 U.S. Student Loan ABS Index Report CardLink to Fitch Ratings' Report: U.S. Student Loan ABS (News - Alert) Index Report Card https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867361 Fitch Ratings has published its U.S. Student Loan ABS Index Report Card with data up to Q1'15, for both private and FFELP student loans. The performance metrics that Fitch tracks include gross defaults, deferment, forbearance and delinquencies. For 1Q15, delinquencies and defaults for private student loans remain at low levels due to the stronger economy. Delinquencies and defaults for FFELP loans are higher than pre-crisis levels; but is relatively stable year over year. Additionally, Fitch addresses the heightened maturity risk of FFELP student loan asset-backed securities in its publication, and identifies those transactions which possess notes that may miss paying off by their legal final maturity date. Fitch has placed 23 transactions on Rating Watch Negative given their potential maturity risk. (See Fitch's Press Reease: 'Fitch Places 57 U.S. FFELP ABS Tranches on Rating Watch Negative for Maturity Risk', dated June 26, 2015). The full report is available at 'www.fitchratings.com'. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: --'Fitch Student Loan ABS Transcript' (June 2015). 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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE. View source version on businesswire.com: http://www.businesswire.com/news/home/20150629006319/en/ |
