Press Release

DBRS Removes NextStudent Master Trust I from Under Review with Negative Implications and Confirms the Ratings on the Outstanding Classes of Notes

Student Loans
April 06, 2009

As a follow-up to our press release dated February 6, 2009, DBRS has today removed NextStudent Master Trust I (the Trust) from Under Review with Negative Implications and has confirmed the ratings on all 25 classes of auction-rate notes issued by the Trust. The confirmations are based on the appointment of Affiliated Computer Services, Inc. (ACS) as its agent to perform the duties of the Administrator and Master Servicer.

Please see the links below for the DBRS press releases commenting on student loan auction-rate securities and the February 6, 2009, press release placing the Trust’s ratings Under Review with Negative Implications.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is FFELP Student Loan ABS Criteria, which can be found on our website under Methodologies.

This is a Structured Finance rating.

Ratings

  • Date IssuedDebt RatedRatingTrendActionAttributesi
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-1 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-2 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-3 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-4 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-5 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-6 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-7 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006A-8 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-1 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-10AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-11AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-12AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-13AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-14AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-15AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-2 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-3AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-4 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-5 AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-6AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-7AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-8AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007A-9AAA (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2006-1, Series 2006B-1 A (sf)--Confirmed
    US
    06-Apr-09Auction Rate Student Loan-Backed Notes, Series 2007-1, Series 2007B-1 A (sf)--Confirmed
    US
    More
    Less
NextStudent Master Trust I
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

Download This Press Release

Related Documents

Methodology Used:
Press Release:

Issuers

Contacts

  • Claire Mezzanotte
    Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
    +(1) 212 806 3272
  • David Hartung
    Senior Vice President - Structured Finance - ABS
    +1 212 806 3269

Further Inquiries

To speak to members of our Business Development or Media Relations teams, please click here for more information.

More from Morningstar DBRS

Related Events

All Events