NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published an amended presale report on PHEAA Student Loan Trust 2014-1:
Fitch has updated the presale report for PHEAA 2014-1 to reflect changes made to the collateral composition of the trust which now includes 12% rehabilitation loans, a decrease from 21.1% which had been expected as of Feb. 21, 2014. Additionally, with the reduction of the amount of rehabilitation loans, the bond size was reduced from $640 million to $573.8 million.
The expected ratings and Outlook, which are detailed in Fitch's Feb. 24 press release ('Fitch to Rate PHEAA Student Loan Trust 2014-1; Presale Issued'), are unchanged.
The updated presale report is available on www.fitchratings.com, or by clicking on the link.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
PHEAA Student Loan Trust 2014-1 (US ABS)