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BRIEF: RI Student Loan Authority receives AAA rating on bonds
Feb 18, 2013 (The Providence Journal - McClatchy-Tribune Information Services via COMTEX) --
WARWICK, R.I. _ The Rhode Island Student Loan Authority 2008 senior bonds have received a AAA rating from Fitch.
This means that the fund is stable. The bond proceeds were used to fund RISLA's fixed rate Rhode Island Family Education Loans.
Charles P. Kelley, executive director of the authority, said, "These high ratings help RISLA offer some of the lowest fixed rates on education loans in the country."
He also attributed the low default rates on the loans to RISLA's financial literacy and default prevention programs.
The Rhode Island Student Loan Authority is a non-profit state authority providing $30 million annually in safe, low fixed rate education loans to students and families.
___ (c)2013 The Providence Journal (Providence, R.I.) Visit The Providence
Journal (Providence, R.I.) at www.projo.com Distributed by MCT Information
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