Massachusetts Educational Financing Authority Series 2020-A: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized provisional ratings on the notes (the Notes) issued by Massachusetts Educational Financing Authority Series 2020-A (MEFA 2020-A or the Issuer). The Notes are secured by a pool of fixed-rate and variable-rate student loan refinancings originated under the Massachusetts Educational Financing Authority’s (MEFA or the Authority) Refinancing Loan Program. This transaction represents MEFA’s third securitization consisting of loans originated under its Refinancing Loan Program.