NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the notes issued under Iowa Student Loan Liquidity Corporation Student Loan Asset-Backed Notes Series 2005-1 as follows: –Class A-3 at ‘AAAsf’; Outlook Stable; –Class B at ‘A+sf’; Outlook Stable. The affirmation is due to the notes passing Fitch’s stresses at the commensurate rating levels. Although cash flow indicated a higher rating for the class B, the recommendation is to affirm due to low hard credit enhancement leading to strong depe