- Language: English
- Published: November 2011
Preliminary 'AAA (sf)' Rating Assigned To JHF's ?164.9 Billion Series 56 Structured Issuance Dec 11
- ID: 2032303
- December 2011
- Standard & Poors
OVERVIEW JHF Series 56 fixed-rate residential mortgage-secured pass-through notes are a structured note issuance originated by JHF, ultimately backed by a pool of residential mortgage loans. We have assigned our preliminary 'AAA (sf)' rating to the notes, based on our view of the transaction's legal structure, credit support, and pool characteristics, among other factors. Due to the structural features of this transaction, the rating on the notes is dependent to an extent upon the credit quality of JHF. TOKYO (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services today said that it has assigned its preliminary 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF; AA-/Negative/A-1+) -164.9 billion Series 56 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: Preliminary Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.