Fitch's U.S. Private Student Loan ABS Index is the newest in its series of structured finance index reports. The report, which tracks delinquency and default rates for private student loan ABS, and new issuance trends, is updated quarterly and available at 'www.fitchratings.com' or by clicking on the link.
An improving economy is positioning U.S. private student loan ABS for a more stable performance in the coming months, according to Fitch Ratings quarterly index.
An update on private student loans 90-120 day delinquencies indicates a range between 0.69% and 0.84% while annualized gross defaults have narrowed, ranging between 2.68% and 2.91% for for-profit lenders and not-for-profit lenders. The main reasons are modest job growth and the slowly improving U.S. economy, which also means less reliance on student loan forbearance.
Additional information is available at 'www.fitchratings.com'.
Source: Fitch Ratings
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