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Presale: Japan Housing Finance Agency Sep 10 Product Image

Presale: Japan Housing Finance Agency Sep 10

  • Published: September 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services expects to assign its 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) -140.0 billion series 41 fixed-rate residential mortgage-secured pass-through notes and beneficiary certificates (subsequent to a trigger event). Standard & Poor's rating addresses the full and timely payment of interest, or interest distribution in the case of the beneficiary certificates, allowing for a three-month grace period, and the ultimate repayment of principal by the transaction's legal final maturity in October 2045. The preliminary rating is based on information as of Sept. 15, 2010. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. Final ratings will be assigned after the amount and exact terms are finalized...

Companies mentioned in this report are: Japan Housing Finance Agency

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Japan Housing Finance Agency

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