Navient Private Education Loan Trust 2020-I: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following classes of notes to be issued by Navient Private Education Loan Trust 2020-I:

-- $300,000,000 Fixed Rate Class A-1A Notes rated AAA (sf)*
-- $252,000,000 Floating Rate Class A-1B Notes rated AAA (sf)*
-- $52,000,000 Fixed Rate Class B Notes rated AA (sf)

*The allocation of the aggregate initial principal balance of the Class A-1A Notes and Class A-1B Notes (collectively, the Class A Notes) will be determined on or before the date of pricing. The aggregate initial principal balance of the class A-1 Notes will be equal to $552,000,000, of which the initial principal balance of the class A-1A Notes will be an amount between $100,000,000 and $300,000,000. The initial principal balance of the Class A-1B Notes will be an amount of at least $252,000,000, up to $452,000,000.