Moody's gives Aaa to N.J. student loan bonds

Moody's Investors Service said it assigned preliminary ratings of Aaa and provisional underlying ratings of A2 to the $350 million 2008 series student loan revenue bonds to be issued by the Higher Education Student Assistance Authority of New Jersey.

The ratings are under review for possible downgrade because the bonds' insurer, Assured Guaranty Corp., is on review by Moody's.

Wells Fargo Bank NA (Aaa/P-1) is the trustee.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.