Press Release

DBRS Confirms Rating for GCO Educational Warehouse Funding Master Trust II

Student Loans
November 11, 2011

DBRS has today confirmed its rating on the GCO Educational Warehouse Funding Master Trust II as follows:

--Series 2006-2, Class A-2L confirmed at AAA (sf)
--Series 2006-2, Class A-3L confirmed at AAA (sf)
--Series 2006-2, Class A-1RRN confirmed at AAA (sf)
--Series 2006-2, Class A-1 ARC confirmed at AAA (sf)
--Series 2006-2, Class A-2 ARC confirmed at AAA (sf)
--Series 2006-2, Class A-3 ARC confirmed at AAA (sf)
--Series 2006-2, Class A-4 ARC confirmed at AAA (sf)
--Series 2006-2, Class B-1 ARC confirmed at AA (sf)
--Series 2006-2, Class B-2 ARC confirmed at AA (sf)
--Series 2006-2, Class B-3 ARC confirmed at AA (sf)
--Series 2007-1, Class A-5L confirmed at AAA (sf)
--Series 2007-1, Class A-6L confirmed at AAA (sf)
--Series 2007-1, Class A-7L confirmed at AAA (sf)
--Series 2007-1, Class A-5 ARC confirmed at AAA (sf)
--Series 2007-1, Class A-6 ARC confirmed at AAA (sf)
--Series 2007-1, Class A-7 ARC confirmed at AAA (sf)
--Series 2007-1, Class C-1 confirmed at A (low) (sf)

The confirmations reflect the appointment of Nelnet, Inc. as sub-servicer for the trust. Current performance of the transaction is within DBRS expectations at the respective rating categories.

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

The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

Ratings

GCO Education Loan Funding Master Trust-II, Series 2006-2
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
GCO Education Loan Funding Master Trust-II, Series 2007-1
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 11, 2011
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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

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