DBRS Assigns Rating to FFELP Student Loan Lending Facility

DBRS has today assigned a rating of AAA (sf) to the note issued under the Credit and Security Agreement dated as of February 12, 2013 (including all subsequent amendments) between Pennsylvania Higher Education Assistance Agency (PHEAA), as Borrower and Servicer, Credit Suisse AG, New York Branch, as Administrative Agent, and various other parties thereto. The revolving lending facility has a maximum commitment of $550 million and is secured by loans owned by PHEAA and originated pursuant to the Federal Family Education Loan Program (FFELP).

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

The applicable methodology is Rating U.S. Federal Family Education Loan Program Securitizations, which can be found on our website under Methodologies.

DBRS’s rating definitions and the terms of use of such ratings are available at www.dbrs.com.

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