DBRS Confirms Rating of FFELP Student Loan Lending Facility to Pennsylvania Higher Education Assistance Agency

DBRS, Inc. (DBRS) has today confirmed the rating of AAA (sf) on the note following its review of certain amendments to the transaction’s Credit and Security Agreement dated as of February 12, 2013 between Pennsylvania Higher Education Assistance Agency (PHEAA), as Borrower and Servicer, Credit Suisse AG, New York Branch, as Administrative Agent, and various other parties. The revolving lending facility is secured by loans owned by PHEAA and 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.

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.