S&P: Sallie Mae unaffected

Standard & Poor's said ratings on SLM Corp. (BBB-/stable/A-3), or Sallie Mae, will not be affected by its second-quarter earnings.

Sallie Mae reported adequate earnings supported by solid asset quality metrics for the quarter, the agency said, with evidence of declining funding costs and increasing availability of funding.

S&P said it is also encouraged by declining spreads in the asset-backed securitization markets this quarter and the issuer's ability to issue unsecured debt.

© 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.