Sally Mae and the Student Loan Swindle Message Board

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Non-Tech : Sally Mae and the Student Loan Swindle

SLM 26.89

-4.8%

3:36 PM EDT

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From: Peter Dierks	4/16/2007 10:52:30 PM
	of 63

Downgrades for Sallie Mae? By Aparajita Saha-Bubna and Anusha Shrivastava Word Count: 578 \| Companies Featured in This Article: SLM, J.P. Morgan Chase, Bank of America SLM Corp.'s investment-grade credit ratings are in jeopardy as the largest U.S. lender to college students has agreed to a private buyout valued at about $25 billion. The three major ratings agencies put the lender, also known as Sallie Mae, on notice for possible downgrade, warning that a multinotch cut is likely if Sallie Mae is purchased under the terms offered by two private-investment funds and banks J.P. Morgan Chase & Co. and Bank of America Corp. "The transaction, if consummated, would lead to a multiple-notch downgrade of SLM's ratings, potentially to speculative grade," said Moody's Investors Service in a ... • THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS.

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