Fitch Takes Various Rating Actions on Nelnet Education Loan Funding Trust 2004-1

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded the following Nelnet Education Loan Funding Trust 2004-1 (NELF 2004-1) notes: –Class A-2 to ‘BBsf’ from ‘AAAsf’; Outlook Stable; –Class B-1 to ‘BBsf’ from ‘AAsf’; Outlook Stable; –Class B-2 to ‘BBsf’ from ‘AAsf’; Outlook Stable. All classes have been removed from Rating Watch Negative. The decision to downgrade the class A-2, B-1 and B-2 notes to ‘BBsf’ rather than ‘CCCsf’ or below is a criteria variation. The class A-2 notes miss the c