Fitch Ratings affirms the ratings on the following outstanding bonds for Montana Higher Education Student Assistance Corporation - 1993 General Indenture (MHESAC 1993)upon the issuance of the 2012A Bonds, and revises the Rating Watch Negative to Outlook Negative.
Montana Higher Education Student Assistance Corporation - 1993:
--Class 2005B at 'AAAsf'; Outlook Negative;
--Class 2006A at
'AAAsf'; Outlook Negative;
--Class 2006C at 'Bsf'; Outlook Negative
and withdrawn.
Given the lack of investor interest, the rating on the 2006C bond is no longer considered by Fitch to be relevant to Fitch's coverage and Fitch will no longer provide a rating or analytical coverage on it.
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' (Aug. 4, 2011);
--'Rating U.S. Federal
Family Education Loan Program Student Loan ABS Criteria' (April 3, 2012).
Applicable Criteria and Related Research:
Global Structured Finance
Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569
Rating
U.S. Federal Family Education Loan Program Student Loan ABS Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202
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Fitch Ratings
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Steven Stubbs, +1-212-908-0676
Senior
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Fitch, Inc.
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New York, NY
10004
or
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Associate
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or
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Senior Director
or
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sandro.scenga@fitchratings.com