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Sallie Mae Strongly Disagrees with Moody's Ratings Action.

Publication: Business Wire
Publication Date: 14-MAY-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
RESTON, Va. -- SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, today issued a statement in response to a Moody's downgrade of SLM Corporation's long-term and short-term unsecured debt.

"This action is both unfortunate and surprising in light of the numerous recent positive developments in the financial strength of the company," stated Albert L. Lord, CEO. Mr. Lord continued, "Moody's conclusion rests mostly on its predictions of the...

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