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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

  • ID: 2047861
  • February 2012
  • Region: Japan
  • Standard & Poors
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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...

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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
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