Press Release

DBRS Assigns Ratings to Goal Structured Solutions Trust 2015-1

Student Loans
January 16, 2015

DBRS, Inc. (DBRS) has today assigned ratings to the following classes issued by Goal Structured Solutions Trust 2015-1:

-- $256,500,000 Floating Rate Class A Notes, rated AAA (sf)
-- $4,000,000 Floating Rate Class B Notes, rated A (sf)

The loans underlying the trust consist of 100% Federal Family Education Loan Program (FFELP) rehabilitated student loans, which are ultimately guaranteed by the U.S. Department of Education for at least 97% of defaulted principal and accrued interest. Credit enhancement consists of excess spread, overcollateralization, a reserve account, and for the Class A Notes, subordination provided by the Class B Notes.

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.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

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

Ratings

  • 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