DBRS Confirms Rating of Blue Ridge Funding Trust

DBRS, Inc. has confirmed the rating on the Class A Notes of Blue Ridge Funding Trust at AAA (sf) following its review of certain amendments to the transaction’s Note Purchase and Security Agreement dated January 10, 2014. Blue Ridge Funding Trust is a revolving lending facility provided to Navient Solutions, Inc. to finance student loans originated pursuant to the Federal Family Education Loan Program (FFELP). FFELP loans are ultimately guaranteed to at least 97% by the U.S. government.

Notes:
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.

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

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