NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the Vermont Student Assistance Corporation 2011A-1 notes at 'AAsf'. The Rating Outlook remains Stable. KEY RATING DRIVERS Adequate Collateral Quality: The trust is collateralized by approximately $11.13 million of fixed-rate private student loans as of March 2015. The loans were originated by VSAC. Fitch projected remaining defaults to range between 6-8% as of the current principal balance based on data provided by VSAC. A recovery rate of 15% wa