22.06.2015 20:51:00
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Maine (State of) -- Moody's reviews Maine Educational Loan Authority's Student Loan Revenue Bonds (Supplemental Education Loan Program) Eighth Supplemental Indenture
New York, June 22, 2015 -- Moody's Investors Service, at the request of the Maine Educational Loan Authority (MELA), has reviewed the eighth supplemental loan indenture for the MELA Student Loan Revenue Bonds (Supplemental Education Loan Program) Class A Series 2009 A-1, Class A Series 2009 A-2, Class A Series 2009 A-3, Class A Series 2010 A-1, Class A Series 2012-A-1 and Class A 2014 A-1 related to the extension of the recycling period from September 1, 2015 to June 30, 2016. This action, in and of itself and as of this time, will not have an adverse effect on the credit quality of the bonds, currently rated A2 with a stable outlook, and therefore will not result in a reduction or withdrawal of Moody's ratings. Moody's does not express an opinion as to whether the provisions in the eighth supplemental loan indenture could have other, non-credit-related effects.