September￿27,￿2019 NAVIENT￿CORP. UPDATE …

Navient bonds show as SLM EdNotes in client accounts. Navient was separated from SLM Corp in 2014. Credit Ratings Moody's Ba3 / Stable S&P B+ / Stable Fitch BB / Negative. Analyst: Brian Therien, CFA INVESTMENT￿SUMMARY We￿rate￿Navient￿bonds￿a￿Sell.￿We￿believe￿the￿company￿faces￿financial￿challenges￿due￿to￿its ................
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