Wednesday, May 23, 2012

XE.com - TEXT-Fitch affirms Arkansas Student Loan Authority 2010-1

(The following statement was released by the rating agency)

May 21 - Fitch Ratings has affirmed the student loan notes issued by

Arkansas Student Loan Authority (ASLA) series 2010-1 at 'AAAsf.' The Rating

Outlook remains Negative.

The collateral supporting the notes is comprised of student loans originated

under the Federal Family Education Loan Program (FFELP). A full rating list is

shown below.

Fitch utilized its 'Global Structured Finance Rating Criteria,' and 'Rating U.S.

Federal Family Education Loan Program Student Loan ABS' to review the ratings.

The rating affirmation is based on the sufficient level of credit enhancement to

cover the applicable risk factor stresses. Credit enhancement for the note

consists of overcollateralization and projected minimum excess spread. The

Negative Outlook on the note is tied to the outlook on the U.S. sovereign

rating.

Fitch has affirmed the following rating and Outlook:

Arkansas Student Loan Authority, Series 2010-1:

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

Additional information is available at 'www.fitchratings.com'

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 4, 2011);

--'U.S.FFELP Student Loan ABS Surveillance Criteria' (May 10, 2011);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS' (April 7,

2011).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202

(New York Ratings Team)

(e-mail: pam.niimi@reuters.com; Reuters Messaging: pam.niimi.reuters.com@reuters.net; Tel:1-646-223-6330;)

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