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

Standard & Poors, February 2008

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

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Research type: News
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Japan Housing Finance Agency

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