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

Standard & Poors, February 2006

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

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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.

Japan Housing Finance Agency

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