Fitch Affirms Sr Note of North Texas Higher Education Authority, Inc. 2011-1 Indenture of Trust
NEW YORK–()–Fitch Ratings affirms the senior student loan note at ‘AAAsf’ issued by
North Texas Higher Education Authority, Inc. 2011-1 Indenture of Trust.
The Rating Outlook, which is tied to the sovereign rating of the U.S.
government, remains Negative. Fitch used its ‘Global Structured Finance
Rating Criteria’, and ‘Rating U.S. Federal Family Education Loan Program
Student Loan ABS’ to review the ratings.
The rating on the senior note is affirmed based on the sufficient level
of credit to cover the applicable risk factor stresses. Credit
enhancement for the senior note consists of overcollateralization and
projected minimum excess spread.
Fitch has taken the following rating action:
North Texas Higher Education Authority, Inc. 2011-1 Indenture of Trust:
— Class A affirmed at ‘AAAsf’; Outlook Negative.
Additional information is available at ‘www.fitchratings.com‘.
The ratings above were solicited by, or on behalf of, the issuer, and
therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
–’Global Structured Finance Rating Criteria’ dated June 6, 2012;
–’Rating U.S. Federal Family Education Loan Program Student Loan ABS
Criteria’ dated April 3, 2012.
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
Rating U.S. Federal Family Education Loan Program Student Loan ABS
Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN
Article source: PRNewswire
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