DBRS Confirms Blue Ridge Funding Trust

DBRS, Inc. (DBRS) has today confirmed the Class A Notes for 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 (and related and subsequent transaction legal documents). DBRS has verified that the related amendments will not result in a withdrawal or reduction of the Class A Notes. 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.

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