CFS-SunTech Servicing LLC Receives SQ1- Rating From Moody's Investors Service
04 8월 2005 - 12:21AM
PR Newswire (US)
FREDERICKSBURG, Va., Aug. 3 /PRNewswire-FirstCall/ -- Collegiate
Funding Services, Inc. (NASDAQ:CFSI) today announced that Moody's
Investors Service has assigned CFS-SunTech Servicing LLC, a rating
of SQ1- as a Primary Servicer of FFELP Student Loans. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO ) With
$11.9 billion of loans in its servicing portfolio, CFS-SunTech is
one of the nation's largest servicers of consolidation loans made
under the Federal Family Education Loan Program. In 2004,
CFS-SunTech became the first student loan servicer to receive
Moody's SQ1 rating and today remains one of only two student loan
servicers that have been publicly rated in the SQ1 category for
servicing of FFELP loans. The SQ1 category is the highest category
of rating assigned by Moody's and the "+" or "-" modifier indicates
a servicer's relative servicing quality within that category.
Moody's conducts a formal re-evaluation of its service rating
annually. This year's rating is equivalent to the rating
CFS-SunTech received last year, but reflects refinements that
Moody's has made to the rating scale in the past two months. In its
release, issued yesterday, Moody's said that the "rating was based
on CFS-SunTech's above-average Cash Management, Customer Service
and Early- stage Collections, strong Mid-stage Collections and
Pre-claims Assistance Request Management, strong Late-stage
Collections and Claims Management, average Financial Stability and
Business Operations, and strong Compliance and Oversight." For more
information on Moody's Investors Service, go to
http://www.moodys.com/. About Collegiate Funding Services
Collegiate Funding Services is a leading education finance company
dedicated to providing students and their families with the
practical advice and loan solutions they need to help manage and
pay for the cost of higher education. Collegiate Funding Services
also offers a comprehensive portfolio of education loan products
and services -- including loan origination, loan servicing, and
campus-based scholarship and affinity marketing tools -- to the
higher education community. As of June 30, 2005, Collegiate Funding
Services had facilitated the origination of more than $20 billion
in education loans; the company currently manages almost $12
billion in student loans for more than 460,000 borrowers. For
additional information, visit http://www.cfsloans.com/ or call
1-888-423-7562. Forward-Looking Statements This news release
includes "forward-looking statements" about Collegiate Funding
Services, Inc., within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. When used in this release, the words
"looking forward," "expects," "plans," "intends," "believes,"
"forecasts," or future or conditional verbs, such as "will,"
"should," "could" or "may," and variations of such words or similar
expressions are intended to identify forward-looking statements.
Among the key factors that may have a direct bearing on the
company's operating results, performance, or financial condition
are (1) changes in terms, regulations, and laws affecting student
loans and the educational credit marketplace, (2) changes in the
demand for educational financing or in financing preferences of
educational institutions, students and their families; (3) changes
in the credit quality or performance of the loans that the company
purchases, retains, services and securitizes; or (4) changes in
interest rates and in the securitization or secondary markets for
education loans. Important factors that could cause the company's
actual results to differ materially from the forward-looking
statements the company makes in this release are set forth in the
company's filings with the Securities and Exchange Commission,
including in the section entitled "Risk Factors" in the company's
Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2005.
The company undertakes no obligation to update or revise
forward-looking statements which may be made to reflect events or
circumstances that arise after the date made or to reflect the
occurrence of unanticipated events unless the company has an
obligation to do so under the federal securities laws.
http://www.newscom.com/cgi-bin/prnh/20050714/DCTH039LOGO
http://photoarchive.ap.org/ DATASOURCE: Collegiate Funding
Services, Inc. CONTACT: Investors: Edward Nebb of Euro RSCG Magnet,
+1-212-367-6848, , for Collegiate Funding Services, LLC; or Media:
Ann Collier of Collegiate Funding Services, LLC, +1-540-368-5970,
Web site: http://www.cfsloans.com/ http://www.moodys.com/
Copyright
Collegiate Funding Services (NASDAQ:CFSI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Collegiate Funding Services (NASDAQ:CFSI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024