Moodys Investors Service - Nelnet Inc. Class A (NNI) Nelnet, Inc.: Update to credit analysis following change in outlook to negative

Report

Moody's Investors Service

EUR 229.75 For Business Accounts Only

Nelnet, Inc.: Update to credit analysis following change in outlook to negative

Our credit view of this issuer reflects its stable cash flow and low leverage, offset by high regulatory risk in student loan servicing and uncertainties tied to its business mix shift.

09/05/2024 1 EN

Underlying

Nelnet Inc. Class A

Nelnet focuses on delivering education-related products and services and student loan asset management. The company has four segments: Loan Systems and Servicing, which focuses on student and consumer loan origination and servicing, student loan servicing-related technology solutions, and outsourcing services; Education Technology, Services, and Payment Processing, which focuses on tuition payment plans, financial needs assessment services, online payment and refund processing, and payment technologies; Communications, which focuses on providing fiber optic service; and Asset Generation and Management, which includes the acquisition and management of the company's student and other loan assets.

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US64031N1081 New York Stock Exchange United States

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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Nelnet, Inc.: Update to credit analysis following change in outlook to negative

Moody's affirms Nelnet's Ba1 corporate family rating, revises outlook to negative from stable

Vermilion Booster Shots: Attractive bottom-fishing stocks

Moody's Ratings assigns Caa2 rating to Edelman Financial Engines' proposed second lien term loan

Genesee & Wyoming Inc.: Covenant Quality Post-Sale Snapshot: $700m 6.250% Senior Secured Notes due 2032

Moody's Ratings downgrades Deer Investment Holdings Limited's rating to Caa1 from B3; outlook stable

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