Preliminary 'AAA' Rating Assigned To GHLC's ¥71.4 Billion Series 49 Structured Issuance Nov 06
- ID: 2049559
- November 2006
- Standard & Poors
TOKYO (Standard & Poor's) Nov. 22, 2006--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Government Housing Loan Corp.'s (GHLC) ¥71.4 billion Series 49 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 Nov. 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
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Research type: News
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