Fitch Affirms 22 Classes from CollegeInvest Nov. 1, 1999 Indenture Trust; Assigns Outlooks

NEW YORK--(Business Wire)--
Fitch Ratings affirms the senior student loan notes of the CollegeInvest
November 1, 1999 Indenture Trust. The trust has been producing positive excess
spread, and the parity for the senior notes is at approximately 106.5% as of
Sept. 30, 2009. A complete list of rating actions follows at the end of this
press release.

Fitch's Global Structured Finance Rating Criteria was used to review the ratings
and the affirmation is based on the performance of the trust in-line with the
expectation. The existence of auction rate securities has not had a significant
impact on the trust performance. The Stable Outlook is assigned because, with
the significant buildup of parity for the senior notes, the ratings are expected
to remain stable for the next two years. The subordinate student loan notes
which will be reviewed separately upon the completion of the updated basis risk
analysis.

The collateral supporting the Trust bonds consists entirely of federally
guaranteed student loans originated under the Federal Family Education Loan
Program (FFELP). FFELP loans are guaranteed at least 97% of principal and
accrued interest, depending on the loan origination date. The loans are serviced
by Nelnet and ISL servicing Corp, neither of which carry a Fitch rating.

Fitch affirms and assigns Outlooks to the following senior classes:

--Series 1999 IV-A1, 'AAA/LS1'; Outlook Stable;

--Series 1999 IV-A2, 'AAA/LS1'; Outlook Stable;

--Series 1999 IV-A4, 'AAA/LS1'; Outlook Stable;

--Series 2001 V-A, 'AAA/LS1'; Outlook Stable;

--Series 2002 VII-A1, 'AAA/LS1'; Outlook Stable;

--Series 2002 VII-A2, 'AAA/LS1'; Outlook Stable;

--Series 2002 VII-A3, 'AAA/LS1'; Outlook Stable;

--Series 2003 VIII-A1, 'AAA/LS1'; Outlook Stable;

--Series 2003 VIII-A2, 'AAA/LS1'; Outlook Stable;

--Series 2004 IX-A1, 'AAA/LS1'; Outlook Stable;

--Series 2004 IX-A2, 'AAA/LS1'; Outlook Stable;

--Series 2004 IX-A3, 'AAA/LS1'; Outlook Stable;

--Series 2004 X-A1, 'AAA/LS1'; Outlook Stable;

--Series 2005 XI-A1, 'AAA/LS1'; Outlook Stable;

--Series 2005 XI-A2, 'AAA/LS1'; Outlook Stable;

--Series 2005 XI-A3, 'AAA/LS1'; Outlook Stable;

--Series 2006 XII-A1, 'AAA/LS1'; Outlook Stable;

--Series 2006 XII-A2, 'AAA/LS1'; Outlook Stable;

--Series 2006 XII-A3, 'AAA/LS1'; Outlook Stable;

--Series 2006 XII-A4, 'AAA/LS1'; Outlook Stable;

--Series 2007 XIII-A1, 'AAA/LS1'; Outlook Stable;

--Series 2007 XIII-A2, 'AAA/LS1'; Outlook Stable;

The following applicable criteria report is available on Fitch's web site at
'www.fitchratings.com': 'Global Structured Finance Rating Criteria', dated Sept.
30, 2009.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE
AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF
CONDUCT' SECTION OF THIS SITE.

Fitch Ratings, New York
Emily Lee, 212-908-0667
Aoto Kenmochi, 212-908-0867
or
Media Relations:
Sandro Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com

Copyright Business Wire 2009