Credit Rating Report

Navient Student Loan Trust 2020-1 - Rating Report

Student Loans

Summary

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes issued by Navient Student Loan Trust 2020-1 (Navient 2020-1):

-- $275,000,000 Class A-1A Notes rated AAA (sf)
-- $485,000,000 Class A-1B Notes rated AAA (sf)
-- $10,800,000 Class B Notes rated AAA (sf)

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