Japan Housing Finance Agency Dec 08
- ID: 2049841
- December 2008
- Region: Japan
- Standard & Poors
Strong support from the Japanese government A clearly defined public policy role in providing support for the securitization market Expectations of strong support from the government mirroring the support provided to its predecessor, Government Housing Loan Corp. Uncertainty over the profitability of JHF after the transition, given the currently unprofitable securitization business Potential risks to JHF's dominant position in the housing loan securitization market and the possible emergence of competitors, as the government might embark on a market competition test for JHF's securitization business The rating on Japan Housing Finance Agency (JHF; AA/Stable/--) is based on its clear policy role to help promote financing of residential loans in private banks through securitization of mortgage loans and strong government support extended...
Companies mentioned in this report are: Japan Housing Finance Agency,Japan (Unsolicited Ratings)
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