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Preliminary 'AAA' Rating Assigned To JHF?s ?250 Billion Series S-7 Structured Issuance Feb 08
Standard & Poors, February 2008
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 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
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Japan Housing Finance Agency