- Language: English
- 96 Pages
- Published: March 2012
- Region: United Kingdom
GHLC's ?30 Billion Series 26 Structured Issuance Assigned 'AAA' Rating Jan 05
- Published: January 2005
- Standard & Poors
TOKYO (Standard & Poor's) Jan. 6, 2005--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Government Housing Loan Corp.'s (GHLC) -30 billion Series 26 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by GHLC. Standard & Poor's rating addresses the timely payment of interest, or interest distribution in the case of beneficiary certificates, allowing for a three-month grace period, and the ultimate repayment of principal by the transaction's legal final maturity in January 2040. This transaction is the 26th structured note issuance originated by GHLC. The notes are backed by -32.7 billion of beneficiary certificates issued from a trust created with Mitsubishi Trust & Banking Corp. GHLC will...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: New Rating
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Research type: News
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Japan Housing Finance Agency