OREANDA-NEWS. Fitch Ratings affirms all the outstanding student loan notes issued by SLM Private Credit Student Loan Trust 2007-A at their current ratings. The Rating Outlook remains Stable for all the notes. A detailed list of rating actions follows at the end of this press release.

KEY RATING DRIVERS

Adequate Collateral Quality: The trust is collateralized by approximately \$1.38 billion of private student loans for 2007-A trust. The loans were originated by Navient Corp (fka SLM Corp) under the Signature Education Loan Program, LAWLOANS program, MBA Loans program, and MEDLOANS program. The projected remaining defaults are expected to range between 9% - 12% as a percentage of the current pool balance. A recovery rate of 10% was applied, which was determined to be appropriate based on data provided by the issuer.

Sufficient Credit Enhancement: Transaction credit enhancement is sufficient to provide loss coverage for the Class A, B, and C notes at each respective rating category. CE is provided by a combination of overcollateralization (the excess of the trust's asset balance over the bond balance), excess spread, and subordination. The total parity ratio as of the most recent distribution is 103.71%.

Adequate Liquidity Support: Liquidity support is provided by a reserve account sized at approximately \$5 million.

Servicing Capabilities: Day-to-day servicing is provided by Navient Solutions Inc., which has demonstrated satisfactory servicing capabilities.

RATING SENSITIVITIES

As Fitch's base case default proxy is derived primarily from historical collateral performance, actual performance may differ from the expected performance, resulting in higher loss levels than the base case. This will result in a decline in CE and remaining loss coverage levels available to the notes and may make certain note ratings susceptible to potential negative rating actions, depending on the extent of the decline in coverage. Fitch will continue to monitor the performance of the trust.

Fitch affirms the following:

SLM Private Credit Student Loan Trust 2007-A:

--Class A-2 at 'AA-sf'; Outlook Stable;
--Class A-3 at 'AA-sf'; Outlook Stable;
--Class A-4 at 'AA-sf'; Outlook Stable;
--Class B at 'BBB+sf'; Outlook Stable;
--Class C-1 at 'BB+sf'; Outlook Stable;
--Class C-2 at 'BB+sf'; Outlook Stable.