TOKYO (Standard & Poor's) Sept. 14, 2006--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Government Housing Loan Corp.'s (GHLC) ¥250 billion Series S-8 fixed-rate residential mortgage-secured pass-through notes. This transaction will be the eighth Series S structured note issuance originated by GHLC (AA-/Positive/--). The notes are ultimately secured by a pool of existing residential mortgage loans with a certain period of seasoning directly extended by GHLC. The preliminary rating is based on information as of Sept. 14, 2006. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. A final rating will be assigned after the amount and exact terms of the notes are finalized and a full rating...
Companies mentioned in this report are:
- Japan Housing Finance Agency
Action: Preliminary Rating
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Research type: News
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