NextStudent Auction A First For The Sector July 23, 2010

--Amelia Granger
Wednesday’s auction of the underlying collateral of the NextStudent Master Trust I notes (TS, 7/8) was the first public liquidation auction of student loan asset-backed securities, according to Moody’s Investors Service. While results are not public, Moody’s anticipated senior noteholders would receive about 93 cents on the dollar and that subordinated holders were likely to ...

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