According to the Federal Reserve Bank of New York, the outstanding
student loan debt grew to $914 billion as of June 30, 2012, while other
consumer debts continued to trend lower. However, Fitch Ratings, in its
quarterly issue of the Student Loan Report Card, doesn't believe this
recent growth in student loan debt will affect student loan asset-backed
securities transactions in a material way, due to the federal government
guarantee, diversification, overcollateralization, and transaction
However, if loan defaults rise substantially, Fitch would expect
incremental losses to manifest in the private student loan pools.
In this edition of the Student Loan Report Card, Fitch also discusses
trust performance and highlights structural features of new transactions
rated during the period.
The full report is available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research: The Student Loan Report Card
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.
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
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