Fitch Affirms Wyoming Student Loan Corporation - 2008 Indenture 2010A

Fitch Ratings affirms the long- and short-term ratings of Wyoming Student Loan Corporation - 2008 Indenture 2010A at 'AA/F1+'. The Rating Outlook on the long-term rating is Stable.

Key Rating Drivers

The ratings and Outlook are based on the support provided by an irrevocable direct-pay letter of credit (LOC) issued by Royal Bank of Canada (RBC), providing full support to the bonds. RBC is obligated to make payments of principal and interest in the bonds upon maturity, acceleration and redemption, as well as the purchase price for tendered bonds. The rating will expire upon the earliest of: Dec. 10, 2014, the stated expiration date of the LOC unless such date is extended; any prior termination of the LOC; and defeasance of the bonds. Fitch affirmed and maintained the Stable Outlook of RBC in January 2013, which reflects their sound capital level, high asset quality, and continued stability, strong funding and liquidity position and favorable metrics relative to their peers.

Fitch has affirmed the following rating actions:

Wyoming Student Loan Corporation - 2008 Indenture 2010A:

--Class A-1 at 'AA/F1+'; Outlook Stable;

--Class A-2 at 'AA/F1+'; Outlook Stable;

--Class A-3 at 'AA/F1+'; Outlook Stable.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' dated May 24, 2013;

--'Rating Guidelines for Letter of Credit-Supported Bonds' dated June 14, 2013.

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=708661

Rating Guidelines for Letter of Credit-Supported Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=710476

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=804842

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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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