ST. PAUL, Minn. -- Northstar Guarantee Inc., the guarantor of student loans in Minnesota, said it has obtained an investment-grade rating of A2 from Moody's Investors Service Inc.

Northstar, a year-old entity that replaced the Higher Education Assistance Foundation as Minnesota's designated guarantor, is the first student-loan guarantor in the nation to receive a claims-paying rating from Moody's.

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