Research And Markets Research And Markets

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

  • ID: 2049237
  • February 2006
  • Standard & Poors
1 of 3

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 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.

Note: Product cover images may vary from those shown
2 of 3

Japan Housing Finance Agency

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown