Moody's reviews Sallie Mae

Moody's Investors Service said it placed SLM Corp.'s Baa2 senior unsecured and short-term Prime-2 ratings under review for downgrade.

The action follows the issuer's announcement that it amended its asset-backed commercial paper facility to reduce the commitment amounts for federal loans and private education loans.

During its review Moody's said it will evaluate business and funding plans, including the company's progress in accessing term funding markets for asset-backed securities and potentially 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.