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Temporary Evaluation Conducted Of GHLC's ?57.1 Billion Series 40 Structured Issuance Feb 06 Product Image

Temporary Evaluation Conducted Of GHLC's ?57.1 Billion Series 40 Structured Issuance Feb 06

  • Published: February 2006
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Feb. 16, 2006--Standard & Poor's Ratings Services said today that it had conducted a temporary evaluation of Government Housing Loan Corp.'s (GHLC) -57.1 billion Series 40 fixed-rate residential mortgage-secured pass-through notes, assuming that a preliminary rating will be assigned. The temporary evaluation is based on the potential entrusted receivables. The transaction is expected to have overcollateralization of approximately 7.4% of the total pool (approximately 7.99% of the note balance), which Standard & Poor's considers sufficient for its 'AAA' rating assignment to GHLC notes. The issue amount of the Series 40 notes is expected to be -57.1 billion and the timing of issuance is scheduled for early March (the exact terms of the notes will be finalized...

Companies mentioned in this report are: Japan Housing Finance Agency
Action: S&P Event

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 READ MORE >

Japan Housing Finance Agency

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