Fitch Comments on Request for Rating Agency Confirmation for Multiple Nelnet-owned Trusts
Consistent with its statements on policies regarding rating confirmations in structured finance transactions (Jan. 13, 2009) and student loan transactions (May 8, 2009), Fitch is treating this request as a notification.
Based on the information provided, Fitch has determined that the proposed amendments will not have a material impact on the existing ratings. This determination only addresses the effect of the amendments on the current ratings assigned by Fitch to the securities listed below. This determination does not address whether these amendments are permitted by the terms of the documents, nor does it address whether these amendments are in the best interests of, or prejudicial to, some or all of the holders of the securities listed.
Fitch's ratings on the above-mentioned trusts remain unchanged and are listed below:
Nelnet Student Loan Trust 2013-1
--Class A at 'AAAsf'; Outlook Stable;
--Class B at 'AAsf''; Outlook Stable.
Nelnet Student Loan Trust 2015-2
--Class A-1 at 'AAAsf'; Outlook Stable;
--Class A-2 at 'AAAsf'; Outlook Stable;
--Class B at 'A+sf''; Outlook Stable.
Nelnet Student Loan Trust 2015-3
--Class A-1 at 'AAAsf'; Outlook Stable;
--Class A-2 at 'AAAsf'; Outlook Stable;
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class B at 'A+sf''; Outlook Stable.
Education Funding Capital Trust-IV
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class A-4 at 'AAAsf'; Outlook Stable;
--Class A-5 at 'AAAsf'; Outlook Stable;
--Class A-6 at 'AAAsf'; Outlook Stable;
--Class B-1 at 'Asf'; Outlook Stable.
CIT Education Loan Trust 2005-1
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class A-4 at 'AAAsf'; Outlook Stable;
--Class B at 'A+sf'; Outlook Stable.
Wachovia Student Loan Trust 2006-1
--Class A-5 at 'AAAsf'; Outlook Stable;
--Class A-6 at 'AAAsf'; Outlook Stable;
--Class B at 'Asf'; Outlook Stable.
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