DBRS Assigns Ratings to Minnesota Office of Higher Education Adjustable Rate Supplement Student Loan Program Revenue Bonds 2012 Series A and 2012 Series B

DBRS, Inc. (DBRS) has assigned final ratings to the following classes of Adjustable Rate Supplemental Student Loan Program Revenue Bonds:

– 2012 Series A rated AA (sf) and R-1 (high) (sf)
– 2012 Series B rated AA (sf) and R-1 (high) (sf)

The ratings of the 2012 Series A and 2012 Series B Bonds reflect the irrevocable direct pay letter of credit provided by Royal Bank of Canada.

Notes:
The applicable methodology is Rating U.S. Structured Finance Transactions Backed by Direct Pay Letters of Credit, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.