Press Release

DBRS Finalizes Provisional Ratings on Navient Student Loan Trust 2016-2

Student Loans
April 14, 2016

DBRS, Inc. has today finalized its provisional ratings on the following classes of notes issued by Navient Student Loan Trust 2016-2:

-- Floating-Rate Class A-1 Notes rated AAA (sf)
-- Floating-Rate Class A-2 Notes rated AAA (sf)
-- Floating-Rate Class A-3 Notes rated AAA (sf)

Notes:
Please see the attached appendix for additional information regarding sensitivity of assumptions used in the rating process.

The applicable methodology is Rating U.S. Private Student Loan Securitizations, which can be found on our website under Methodologies.

The full report providing additional information and analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

Ratings

Navient Student Loan Trust 2016-2
  • Date Issued:Apr 14, 2016
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 14, 2016
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Apr 14, 2016
  • Rating Action:Provis.-Final
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.