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Three Bond Issuances By Japan Housing Finance Agency Rated 'AA' Dec 10

Standard & Poors, December 2010

Abstract
SINGAPORE (Standard & Poor's) Dec. 2, 2010--Standard & Poor's Ratings Services today assigned its 'AA' local currency long-term debt ratings to Japan Housing Finance Agency's (JHF; AA/Negative/A-1+) bonds that were issued today. The 'AA' ratings were assigned to the following bonds: (1) -22.6 billion, 1.33%, 60th nonguaranteed bonds, due Dec. 18, 2020; (2) -10 billion, 1.83%, 61st nonguaranteed bonds, due Dec. 19, 2025; and (3) -20 billion, 2.13%, 62nd nonguaranteed bonds, due Dec. 13, 2030. The ratings on Japan Housing Finance Agency (JHF) are equalized with that on Japan (AA/Negative/A-1+) based on JHF's critical policy role as the only government-supported entity that specializes in housing loan operations and integral link with the government. JHF is expected to receive ongoing government...

Companies mentioned in this report are: Japan Housing Finance Agency
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Japan Housing Finance Agency

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