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Preliminary 'AAA' Rating Assigned To GHLC's ¥63.5 Billion Series 46 Structured Issuance Aug 06 Product Image

Preliminary 'AAA' Rating Assigned To GHLC's ¥63.5 Billion Series 46 Structured Issuance Aug 06

  • Published: August 2006
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Aug. 22, 2006--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Government Housing Loan Corp.'s (GHLC) ¥63.5 billion Series 46 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 Aug. 22, 2006. 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 READ MORE >

- Japan Housing Finance Agency

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