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

  • ID: 2049390
  • March 2007
  • Standard & Poors
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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

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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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Japan Housing Finance Agency

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