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Total Rated Issuance In Japan Securitization Market Up About 50% In 2011, Led By JHF RMBS Issuances, Says S&P Report Feb 12 Product Image

Total Rated Issuance In Japan Securitization Market Up About 50% In 2011, Led By JHF RMBS Issuances, Says S&P Report Feb 12

  • Published: February 2012
  • Region: Japan
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Feb. 3, 2012--Standard & Poor's Ratings Services said in a Japanese-language report released today that it had assigned ratings to Japanese securitization transactions worth -3,372.3 billion in 2011, representing a 49.7% year-on-year increase from 2010. In contrast, the number of securitization transactions rated by Standard & Poor's in 2011 declined 26.8% year on year to 52. The above figures exclude credit derivative products that didn't involve issuances of bonds or trust certificates. The surge in total rated issuance in 2011 marked a turnaround after four consecutive years of decline. However, total rated issuance in the fourth quarter (October to December) of 2011 was down 11.3% from the same quarter of 2010. This contrasted with the large...

Action: General Comment

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