Morningstar DBRS Takes Credit Rating Actions on SoFi Professional Loan Program 2017-A LLC
Student LoansDBRS, Inc. (Morningstar DBRS) discontinued its outstanding credit ratings on the Post-Graduate Loan Asset-Backed Notes, Class B & Post-Graduate Loan Asset-Backed Notes, Class C issued by SoFi Professional Loan Program 2017-A LLC as a result of repayment.
ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/Social/Governance factors that had a significant or relevant effect on the credit analysis.
A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://dbrs.morningstar.com/research/427030 (January 23, 2024).
Notes:
The principal methodology applicable to the credit ratings is DBRS Morningstar Master U.S. ABS Surveillance (October 22, 2023), https://dbrs.morningstar.com/research/422279.
Other methodologies referenced in this transaction are listed at the end of this press release.
The credit rating was initiated at the request of the rated entity.
The rated entity or its related entities did participate in the credit rating process for this credit rating action.
Morningstar DBRS had access to the accounts, management and other relevant internal documents of the rated entity or its related entities in connection with this credit rating action.
This is a solicited credit rating.
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The credit rating methodologies used in the analysis of this transaction can be found at: https://dbrs.morningstar.com/about/methodologies.
Operational Risk Assessment for U.S. ABS Servicers (February 22, 2024)
https://dbrs.morningstar.com/research/428505
Operational Risk Assessment for U.S. ABS Originators (February 22, 2024)
https://dbrs.morningstar.com/research/428504
Legal Criteria for U.S. Structured Finance (December 7, 2023)
https://dbrs.morningstar.com/research/425081
Rating U.S. Structured Finance Transactions (February 22, 2024)
https://dbrs.morningstar.com/research/428503
Rating U.S. Private Student Loan Securitizations (October 25, 2023)
https://dbrs.morningstar.com/research/422385
For more information on this credit or on this industry, visit https://dbrs.morningstar.com/ or contact us at info-DBRS@morningstar.com.
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.