Fitch Ratings has assigned the following ratings to the Panhandle-Plains Higher Education Authority, student loan revenue bonds series 2011-2 as follows:

Fitch to Rate Panhandle-Plains Higher Education Authority, Inc., Series 2011-2; Presale Issued

September 23, 2011 01:12 PM Eastern Daylight Time 

NEW YORK–(BUSINESS WIRE)–Fitch Ratings expects to rate Panhandle-Plains Higher Education
Authority, student loan revenue bonds series 2011-2 (taxable floating
rate bonds) as follows:

–$359,000,000 student loan revenue bonds, Series 2011-2 A-1 (taxable
floating rate bonds) ‘AAA (EXP)’; Outlook Stable;

–$91,000,000 student loan revenue bonds, Series 2011-2 A-2 (taxable
floating rate bonds) ‘AAA (EXP)’; Outlook Stable; and

–$153,130,000 student loan revenue bonds, Series 2011-2 A-3 (taxable
floating rate bonds) ‘AAA (EXP)’; Outlook Stable.

Fitch’s stress analysis is discussed in the presale titled
‘Panhandle-Plains Higher Education Authority, Inc., Series 2011-2′,
dated Sept. 23, 2011.

Additional information is available at ‘www.fitchratings.com’.

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: Panhandle-Plains Higher
Education Authority, Inc., Series 2011-2

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647649

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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