Fitch Affirms New Mexico Educational Assistance Foundation Series 2010-2

NEW YORK--()--Fitch Ratings has affirmed the senior student loan notes issued by New Mexico Educational Assistance Foundation Series 2010-2 at 'AAAsf.' The Rating Outlooks, which are tied to the sovereign rating of the U.S. government, remain Negative.

Fitch affirms the rating on the notes based on the sufficient level of credit enhancement to cover the applicable risk factor stresses. Credit enhancement for the notes consists of overcollateralization and projected minimum excess spread.

Fitch used its 'Global Structured Finance Rating Criteria' and 'Rating U.S. Federal Family Education Loan Program Student Loan ABS' to review the ratings.

Fitch has affirmed the following rating:

New Mexico Educational Assistance Foundation Series 2010-2:

--Class A-1 at 'AAAsf'; Outlook Negative;

--Class A-2 at 'AAAsf'; Outlook Negative;

--Class A-3 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' (June 6, 2012);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS' (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
Harry Kohl, +1 212-908-0837
Analyst
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Cynthia Ullrich, +1 212-908-0609
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Primary Analyst
Harry Kohl, +1 212-908-0837
Analyst
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Committee Chairperson
Cynthia Ullrich, +1 212-908-0609
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
Email: sandro.scenga@fitchratings.com