• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
GHLC's ¥107.5 Billion Series 51 Structured Issuance Assigned 'AAA' Rating Feb 07 Product Image

GHLC's ¥107.5 Billion Series 51 Structured Issuance Assigned 'AAA' Rating Feb 07

  • ID: 2049421
  • February 2007
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Feb. 7, 2007--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Government Housing Loan Corp.'s (GHLC) ¥107.5 billion Series 51 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by GHLC. 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 February 2042. This transaction is a structured note issuance originated by GHLC (AA-/Positive/--). The notes are expected to be backed by ¥116.6 billion of beneficiary certificates issued from a trust created with Sumitomo Trust & Banking...

Companies mentioned in this report are:
- Japan Housing Finance Agency

Action: New 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.

Note: Product cover images may vary from those shown

RELATED PRODUCTS