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Preliminary 'AAA' Rating Assigned To JHF?s ¥250 Billion Series S-7 Structured Issuance Feb 08 Product Image

Preliminary 'AAA' Rating Assigned To JHF?s ¥250 Billion Series S-7 Structured Issuance Feb 08

  • Published: February 2008
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Feb. 21, 2008--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Japan Housing Finance Agency's (JHF) ¥250 billion Series S-7 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of existing residential mortgage loans with a certain period of seasoning directly extended by JHF (AA/Stable/--). The preliminary rating is based on information as of Feb. 21, 2008. 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 analysis is completed, including a satisfactory review of the final pool, cash flow modeling,...

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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