Fitch revises FFELP ABS outlook to negative

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Fitch revises FFELP ABS outlook to negative

Student loan
Graduating students wear custom decorated graduation caps as they arrive at the 2019 graduating class of Hunter College, during ceremonies held at Madison Square Garden in New York, NY, May 29, 2019. (Anthony Behar/Sipa USA) | Anthony Behar/SIPA USA/PA Images

Fitch Ratings downgraded the rating outlook on Federal Family Education Loan Program (FFELP) student loan ABS sector from stable to negative, reflecting the ongoing deterioration of the US public finance and the absence of a credible fiscal consolidation plan, the rating agency said.

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