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Fitch Affirms SLMS 2002-7; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the senior and subordinate notes for SLM Student Loan Trust 2002-7 at 'AAAsf' and 'Asf', respectively. The Rating Outlook remains Stable. Despite the affirmation, Fitch believes all SLM 2002-7 outstanding notes carry significant extension risk. Based on Fitch's cash flow modelling runs, the class A notes were not paid in full by their legal final maturity date on March 15, 2028, and the class B notes were not paid in full by their final lega

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