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Fitch Affirms NJ Higher Ed Student Assistance Authority 1998 Indenture of Trust; Outlook Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for the student loan revenue bonds issued by New Jersey Higher Education Student Assistance Authority (NJHESAA) under the 1998 Indenture of Trust at 'BBBsf'. The Rating Outlook remains Negative. A full list of rating actions follows at the end of this ratings action commentary. KEY RATING DRIVERS Collateral Quality: The trust is collateralized by approximately $76.5 million of private student loans as of March 2015. The loans wer

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