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Fitch Affirms Nelnet 2005-4; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the Nelnet Student Loan Trust 2005-4 senior notes at 'AAAsf' and the subordinate notes at 'Asf'. The Rating Outlooks on both notes remains Stable. Despite the affirmation, Fitch believes the outstanding class A-4 notes carry significant extension risk. Based on Fitch's cash flow modelling runs, the notes were not paid in full by their legal final maturity date on Mar 22, 2032. Under such scenarios, this may result in technical defaults, although

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