Fitch Rates South Texas Higher Education Authority, Inc., Series 2012-1

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned the following ratings to South Texas Higher Education Authority Inc., student loan backed bonds series 2012-1 (taxable floating rate bonds):

--$129,450,000 student loan backed bonds, series 2012-1 A-1 'AAAsf'; Outlook Negative;
--$64,730,000 student loan backed bonds, series 2012-1 A-2 'AAAsf'; Outlook Negative; and
--$81,820,000 student loan backed bonds, series 2012-1 A-3 'AAAsf'; Outlook Negative.

Fitch's stress analysis is discussed in the presale titled 'South Texas Higher Education Authority, Inc., Series 2012-1', dated Jan. 13, 2012.

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 Criteria' (April 7, 2011).

Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569
Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=616766

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