RISLA

AcronymDefinition
RISLARhode Island Student Loan Authority
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Project Development & Technical Requirements: RISLA operates an internship website www.
Fitch evaluated the sensitivity of the ratings assigned to RISLA 2013-A to increased defaults, reduced recoveries and excess spread over the life of the transaction.
RISLA executive director Noel Simpson explained that the programs are being offered to combat the state's nurse shortage, which is predicted to increase to as much as 25 percent in 2010 and 55 percent by 2020, as well as the growing shortage of faculty members in the state's nursing schools.
Through the agreement, three RISLA employees will remain with the organization, and Nelnet will assume the employment of the remaining 22.
This relationship was the right thing to do for Rhode Island's students and educational programs," stated Charles Kelley, Executive Director of RISLA.
Fitch used historical vintage loss data provided by the Rhode Island Student Loan Authority to form a loss timing curve representative of the RISLA 2009 Trust's collateral pool.
The collateral supporting the RISLA 2009 Trust notes consists entirely of private student loans originated under RISLA's Rhode Island Family Education Loan (RIFEL) program and are serviced by RISLA, which is not rated by Fitch.
The collateral supporting the RISLA 2008 Trust notes consists entirely of private student loans originated under RISLA's Rhode Island Family Education Loan (RIFEL) program and are serviced by RISLA, which is not rated by Fitch.
As a result Fitch has removed the Rating Watch Negative on RISLA.
Fitch has affirmed the long-term rating, Loss Severity (LS) rating and corresponding Outlook on following senior class of RISLA 1993 notes:
For more information, see the RISLA Series 2010 presale report, available to all investors on Fitch's web site, 'www.