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April 20, 2012 at 13:20 PM EDT
TEXT-S&P on KeyCorp Student Loan Trust
April 20 - Standard & Poor's Ratings Services today lowered its rating on the insured bond certificates related to KeyCorp Student Loan Trust 2003-A's class II-A-3 floating-rate notes to 'A (sf)' from 'AAA (sf)' and removed the rating from CreditWatch with negative implications, where it was placed on April 5, 2011. The rating depends on the higher of the rating on the underlying security, KeyCorp Student Loan Trust 2003-A's class II-A-3 notes ('A (sf)'), and the bond insurer, MBIA Insura
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