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JHF?s ?72.7 Billion Series 30 Structured Issuance Assigned 'AAA' Rating Nov 09
- Published: November 2009
- Standard & Poors
TOKYO (Standard & Poor's) Nov. 4, 2009--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Japan Housing Finance Agency's (JHF) -72.7 billion JHF Series 30 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by JHF (AA/Stable/A-1+). Standard & Poor's rating addresses the timely payment of interest, or interest distribution in the case of beneficiary certificates, allowing for a three-month grace period, and the ultimate repayment of principal by the transaction's legal final maturity in November 2044. This transaction is a structured note issuance originated by JHF. The notes are expected to be backed by -83.1 billion of beneficiary certificates issued from a trust created with Sumitomo Trust &...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: New Rating
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Research type: News
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Japan Housing Finance Agency
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