Presale: Japan Housing Finance Agency Nov 10
- ID: 2049873
- November 2010
- Region: Japan
- Standard & Poors
Standard & Poor's Ratings Services expects to assign its 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) -183.4 billion series 42 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 November 2045. The preliminary rating is based on information as of Oct. 20, 2010. 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...
Companies mentioned in this report are: Japan Housing Finance Agency
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Research Type: Full Analysis