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Fitch Places Alaska Student Loan Corp - 2002 Indenture of Trust on Rating Watch Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed the ratings of the Alaska Student Loan Corp. - 2002 Indenture of Trust (ASLC) on Rating Watch Negative because of insufficient information provided by the issuer pertaining to defaults on the private student loan collateral, which comprises approximately 70% of the trust receivables. Upon receiving sufficient information, the ratings may be affirmed or downgraded depending on the outcome of the analysis. However, if sufficient information is not provided by the issuer in the next few months, the ratings will be withdrawn, potentially following downgrades. Fitch's Global Structured Finance Rating Criteria were used to review the ratings.

Fitch has placed the following trusts and bonds on Rating Watch Negative:

Alaska Student Loan Corp. - 2002 Indenture of Trust (AK)

--Series 2002 A rated 'AAA';
--Series 2002 B rated 'A';
--Series 2003 A-1 rated 'AAA';
--Series 2003 A-2 rated 'AAA';
--Series 2004 A-1 rated 'AAA';
--Series 2004 A-2 rated 'AAA';
--Series 2004 A-3 6/1/11 rated 'AAA';
--Series 2004 A-3 6/1/12 rated 'AAA';
--Series 2004 A-3 6/1/13 rated 'AAA';
--Series 2004 A-3 6/1/14 rated 'AAA';
--Series 2004 A-3 6/1/16 rated 'AAA';
--Series 2004 A-3 6/1/17 rated 'AAA';
--Series 2005 A 6/1/10 rated 'AAA';
--Series 2005 A 6/1/11 rated 'AAA';
--Series 2005 A 6/1/12 rated 'AAA';
--Series 2005 A 6/1/13 rated 'AAA';
--Series 2005 A 6/1/14 rated 'AAA';
--Series 2005 A 6/1/15 rated 'AAA';
--Series 2005 A 6/1/16 rated 'AAA';
--Series 2005 A 6/1/17 rated 'AAA';
--Series 2005 A 6/1/18 rated 'AAA';
--Series 2006 A-1 rated 'AAA';
--Series 2006 A-2 6/1/10 rated 'AAA';
--Series 2006 A-2 6/1/11 rated 'AAA';
--Series 2006 A-2 6/1/12 rated 'AAA';
--Series 2006 A-2 6/1/13 rated 'AAA';
--Series 2006 A-2 6/1/14 rated 'AAA';
--Series 2006 A-2 6/1/15 rated 'AAA';
--Series 2006 A-2 6/1/16 rated 'AAA';
--Series 2006 A-2 6/1/17 rated 'AAA';
--Series 2006 A-2 6/1/18 rated 'AAA';
--Series 2007 A-1 rated 'AAA';
--Series 2007 A-2 6/1/10 rated 'AAA';
--Series 2007 A-2 6/1/11 rated 'AAA';
--Series 2007 A-2 6/1/12 rated 'AAA';
--Series 2007 A-2 6/1/13 rated 'AAA';
--Series 2007 A-2 6/1/14 rated 'AAA';
--Series 2007 A-2 6/1/15 rated 'AAA';
--Series 2007 A-2 6/1/16 rated 'AAA';
--Series 2007 A-2 6/1/17 rated 'AAA';
--Series 2007 A-2 6/1/18 rated 'AAA';
--Series 2007 A-2 6/1/19 rated 'AAA';
--Series 2007 A-3 6/1/10 rated 'AAA';
--Series 2007 A-3 6/1/11 rated 'AAA';
--Series 2007 A-3 6/1/12 rated 'AAA';
--Series 2007 A-3 6/1/13 rated 'AAA';
--Series 2007 A-3 6/1/14 rated 'AAA'.

The following applicable criteria report is available on Fitch's web site at 'www.fitchratings.com':

--'Global Structured Finance Rating Criteria' (Sept. 30, 2009).

Additional information is available at www.fitchratings.com.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.

IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

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