Fitch Resolves Negative Watch & Affirms MEFA Issue I

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has resolved the Rating Watch Negative and affirmed the notes issued under the Massachusetts Educational Finance Authority (MEFA) Issue I at ‘Asf’. The Rating Outlook for all of the notes is Stable. The affirmation is due to the notes passing Fitch’s stresses at the commensurate rating level, with the amendment to increase the total parity threshold for the release of excess funds from the trust to 115.5% from 109% as of July 1, 2022, which was executed