Fitch to Rate Nelnet Student Loan Trust 2012-5

NEW YORK--()--Fitch Ratings assigns the following ratings to the Nelnet Student Loan Trust 2012-5, student loan asset-backed notes as follows:

--$1,144,000,000 class A notes 'AAAsf'; Outlook Negative;

--$30,000,000 class B notes 'A+sf'; Outlook Stable.

Fitch's stress analysis is discussed in the presale titled 'Nelnet Student Loan Trust 2012-5', dated Nov. 7, 2012.

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' (June 6, 2012);

--'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=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

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Contacts

Fitch Ratings
Primary Analyst:
Nicole Edwards, +1-212-908-9114
Director
nicole.edwards@fitchratings.com
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Melvin Zhou, +1-212-908-0503
Director
Fitch, Inc.
or
Committee Chairperson:
Steven Stubbs, +1-212-908-0676
Senior Director
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
sandro.scenga@fitchratings.com

Sharing

Contacts

Fitch Ratings
Primary Analyst:
Nicole Edwards, +1-212-908-9114
Director
nicole.edwards@fitchratings.com
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Melvin Zhou, +1-212-908-0503
Director
Fitch, Inc.
or
Committee Chairperson:
Steven Stubbs, +1-212-908-0676
Senior Director
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
sandro.scenga@fitchratings.com