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Preliminary 'AAA' Rating Assigned To GHLC's ¥250 Billion Series S-8 Structured Issuance Sep 06 Product Image

Preliminary 'AAA' Rating Assigned To GHLC's ¥250 Billion Series S-8 Structured Issuance Sep 06

  • Published: September 2006
  • Standard & Poors

Abstract
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

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 READ MORE >

- Japan Housing Finance Agency

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