Moody's publishes FFELP cash flow illustration tied to updated methodology

New York, July 27, 2016 -- Moody's Investors Service has published a new report that illustrates the application of its newly revised assumptions for rating asset-backed securities backed by student loans made under the Federal Family Education Loan Program (FFELP). Moody's published its updated approach to FFELP ABS on 14 June 2016. The changes outlined in the updated methodology, which incorporates an expected loss approach, included revised assumptions for default, voluntary prepayments, deferment and forbearance and new assumptions resulting from the growing use of the Income-Based Repayment (IBR) plan and similar programs.

Vollständigen Artikel bei Moodys lesen