XE.com - TEXT-Fitch affirms Federated Student Finance Corp 2010A ...

(The following statement was released by the rating agency)

May 23 - Fitch Ratings affirms the senior student loan note issued by

Federated Student Finance Corporation, series 2010A-1, at 'AAAsf'. The Rating

Outlook, tied to the sovereign rating of the U.S. government, remains Negative.

The rating affirmation is based on the sufficient level of credit enhancement to

cover the applicable risk factor stresses. Credit enhancement for the notes

consists of overcollateralization and projected minimum excess spread.

Fitch utilized its 'Global Structured Finance Rating Criteria,' and 'Rating U.S.

Federal Family Education Loan Program Student Loan ABS' to review the ratings.

Additional information is available at 'www.fitchratings.com'. The ratings above

were solicited by, or on behalf of, the issuer, and therefore, Fitch has been

compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 4, 2011);

--'Rating U.S. Federal Family Education Loan Program Student Loan ABS' (April 3,

2012).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

(New York Ratings Team)

(e-mail: pam.niimi@reuters.com; Reuters Messaging: pam.niimi.reuters.com@reuters.net; Tel:1-646-223-6330;)

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