Fitch Affirms LoanStar Asset Partners II, L.P.,1995 Master Trust Notes

NEW YORK--()--Fitch Ratings affirms the long- and short-term ratings of LoanStar Asset Partners II, L.P., 1995 Master Trust (fka-Greater East and Greater Texas Student Loan Corp) at 'A+/F1+'. The Rating Outlook on the long-term rating is Stable.

The rating of each series of 1995 Master Trust notes is based on the support provided by a distinct direct-pay letter of credit (LOC) issued by State Street Bank and Trust Company (State Street; rated 'A+/F1+' with a Stable Outlook by Fitch). State Street is obligated to make payments of interest and principal on the bonds upon maturity, acceleration, and redemption, as well as the purchase price for tendered bonds. The ratings assigned to a series of 1995 Master Trust notes will expire upon the earliest to occur of: May 1, 2014, the stated expiration date of each letter of credit, or as such date may be extended; any prior termination of a related letter of credit; and defeasance of such series of 1995 Master Trust notes.

Fitch has affirmed the following ratings:

LoanStar Asset Partners II, L.P., 1995 Master Trust (fka-Greater East and Greater Texas Student Loan Corp):

--Series 1995 B' at 'A+sf/F1+sf'; Outlook Stable;
--Series 1995 B at 'A+sf/F1+sf'; Outlook Stable;
--Series 1998A at 'A+sf/F1+sf'; Outlook Stable;
--Series 2000A at 'A+sf/F1+sf'; Outlook Stable.

Additional information is available at www.fitchratings.com. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:
--'Global Structured Finance Rating Criteria' (June 6, 2012);
--'Rating U.S. Federal Family Education Loan Program Student Loan ABS' (April 3, 2012).

Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675202

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