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Preliminary 'AAA' Rating Assigned To JHF?s ?43.5 Billion Series 15 Structured Issuance Jun 08 Product Image

Preliminary 'AAA' Rating Assigned To JHF?s ?43.5 Billion Series 15 Structured Issuance Jun 08

  • Published: June 2008
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) June 24, 2008--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Japan Housing Finance Agency's (JHF) -43.5 billion Series 15 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by JHF. The preliminary rating is based on information as of June 24, 2008. 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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Japan Housing Finance Agency

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