Credit Rating Report

SMB Private Education Loan Trust 2021-D: Rating Report

Student Loans

Summary

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes issued by SMB Private Education Loan Trust 2021-D:

-- $382,000,000 Class A-1A Notes rated AAA (sf)
-- $105,000,000 Class A-1B Notes rated AAA (sf)
-- $40,00,000 Class B Notes rated AA (sf)

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