Fitch Issues Amended Presale for PHEAA Student Loan Trust 2014-1

NEW YORK--()--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)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=736597

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Contacts

Fitch Ratings
Primary Analyst
Jeffrey Prackup, +1 212-908-0839
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Victoria Ohorodnyk, +1 212-908-0866
Analyst
or
Committee Chairperson
Tracey Wan, +1 212-908-9171
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Jeffrey Prackup, +1 212-908-0839
Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Victoria Ohorodnyk, +1 212-908-0866
Analyst
or
Committee Chairperson
Tracey Wan, +1 212-908-9171
Senior Director
or
Media Relations:
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com