Navient Private Education Refi Loan Trust 2023-A: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings to the Navient Private Education Refi Loan Trust 2023-A (Navient 2023-A) notes (the Notes) as listed. The DBRS Morningstar ratings on the Notes address the timely payment of interest and the full payment of principal in accordance with the terms and conditions of the Navient 2023-A transaction documents. Navient 2023-A represents the 70th private education loan asset-backed securitization sponsored by Navient Solutions, LLC (Navient) along with legacy SLM Corporation (SLM), and the 36th since the spinoff from SLM in 2014. Navient, formerly known as Navient Solutions, Inc., is a wholly owned subsidiary of Navient Corporation.