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Japan Housing Finance Agency Dec 11 Product Image

Japan Housing Finance Agency Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
JHF's critical policy role as the only public finance agency specialized in mortgage financing Integral links with the government, as reflected by the government's 100% ownership of JHF, as well as its guarantees, grants, and capital injections Weak profitability Signs of slow deterioration in JHF's asset quality The rating on Japan Housing Finance Agency (JHF) is equalized with that on the Japan sovereign based on JHF's critical policy role and integral links with the government. In addition to ongoing support the government provides to the entity in the form of guarantees, grants, and capital injections, we expect an almost certain likelihood of extraordinary support should such a need arise. The ratings also incorporate JHF's weak profitability and slow deterioration in...

Companies mentioned in this report are: Japan Housing Finance Agency
Action: Review

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Japan Housing Finance Agency

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