NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms both the senior and subordinate notes issued by SLM Student Loan Trust 2003-8 and SLM Student Loan Trust 2003-9 at 'AAAsf'. The Rating Outlook for the senior notes remains Stable, while the Rating Outlook for the subordinate notes is revised to Negative from Stable. The Rating Outlook revision is due to Fitch's belief that the subordinate notes carry a heightened level of extension risk. Based on Fitch's cash flow modelling runs, the notes were n
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