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Article: Fitch Affirms KeyCorp Student Loan Trust 1999-A and 1999-B; Assigns Stable Outlooks.
- Article from:
- Education Letter
- Article date:
- November 18, 2009
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Fitch Ratings has affirmed and assigned Stable Outlooks to the ratings of KeyCorp Student Loan Trust 1999-A and 1999-B. Additionally, Fitch has removed the 1999-B class M notes from Rating Watch Negative. The affirmations reflect the sufficient level of enhancement in each trust to protect investors from incremental losses on the private student collateral and basis risk. Despite Fitch's negative view on the private student loan sector in general, Stable Outlooks are assigned because the loss multiples well in excess of the level commensurate with the respective rating are expected to provide rating stability for the next two years. The actions are based upon Fitch's ...