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Bulletin: Ratings On Structured Notes Of Former GHLC Unaffected By Succession To JHF Apr 07
Standard & Poors, April 2007
Abstract
TOKYO (Standard & Poor's) April 2, 2007--On April 1, 2007, Japan Housing Finance Agency (JHF; AA-/Positive/--), a new incorporated administrative agency, was established to inherit the receivables and obligations held by the former Government Housing Loan Corp. (GHLC). Along with this change, all of the outstanding residential mortgage-secured pass-through notes issued by the former GHLC were also inherited by JHF (see list below). Standard & Poor's Ratings Services re-examined the details of each transaction and concluded that the ratings on all the outstanding residential mortgage-secured pass-through notes issued by the former GHLC will not be affected by this succession. Structured Notes Originated By The Former GHLC Series 1 to 53 secured pass-through notes backed by entrusted pools of residential loans...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: Bulletin
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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