Fitch Joins the FFELPS Fun

DealVector has been busy helping holders of FFELPS paper to organize mutually beneficial amendments (you can learn more here) to avoid the consequences of technical downgrades by Moodys. Now Fitch has gotten into the act, placing 238 tranches from 118 Trusts on Rating Watch Negative.

The issues are the same ones that concerned Moodys: technical default based on slower payments, despite the presence of government guarantees.

Fortunately, a DealVector is the perfect tool for issuers to organize an amendment, connect with holders, engage with the DTC system, and efficiently address these issues before they lead to actual downgrades. Contact us today to learn more!