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Presale: Japan Housing Finance Agency Aug 09 Product Image

Presale: Japan Housing Finance Agency Aug 09

  • Published: August 2009
  • Region: Japan
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services expects to assign its 'AAA' rating to Japan Housing Finance Agency's (JHF) -59.2 billion series 28 fixed-rate residential mortgage-secured pass-through notes and beneficiary certificates (subsequent to a trigger event). Standard & Poor's rating addresses the full and timely payment of interest, or interest distribution in the case of the beneficiary certificates, allowing for a three-month grace period, and the ultimate repayment of principal by the transaction's legal final maturity in September 2044. The preliminary rating is based on information as of Aug. 19, 2009. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. Final ratings will be assigned after the amount and exact terms are finalized and...

Companies mentioned in this report are: Japan Housing Finance Agency

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Japan Housing Finance Agency

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