Moody's takes action on 2 FFELP student loan securitizations administered by ALL Student Loan Corporation
Approximately $127.5 million of asset-backed securities affected. New York, November 15, 2016-- Moody's Investors Service, has downgraded the rating of nine tranches and upgraded the rating in one tranche in two securitizations backed by student loans originated under the Federal Family Education Loan Program, issued by All Student Loan Corporation. The loans are guaranteed by the US government for a minimum of 97% of defaulted principal and accrued interest.
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