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Preliminary 'AAA' Rating Assigned To GHLC's ?71.7 Billion Series 53 Structured Issuance Mar 07 Product Image

Preliminary 'AAA' Rating Assigned To GHLC's ?71.7 Billion Series 53 Structured Issuance Mar 07

  • Published: March 2007
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) March 15, 2007--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Government Housing Loan Corp.'s (GHLC) -71.7 billion Series 53 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by GHLC. The preliminary rating is based on information as of March 15, 2007. 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, final structure, transaction documents, and legal and tax opinions....

Companies mentioned in this report are: Japan Housing Finance Agency
Action: Preliminary Rating

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Japan Housing Finance Agency

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