Japan Housing Finance Agency's Two Collateralized Bond Issuances Rated ?AA? Feb 08
Standard & Poors, February 2008
Abstract
SINGAPORE (Standard & Poor's) Feb. 13, 2008-- Standard & Poor's Ratings Services today assigned its 'AA' senior unsecured local currency long-term debt rating to Japan Housing Finance Agency's (JHF; AA/Stable/--) collateralized bonds. The 'AA' rating was assigned to JHF's -9.1 billion, 1.10% 10th nonguaranteed bonds due March 19, 2013, and -6.5 billion, 2.29% 12th nonguaranteed bonds due Dec. 20, 2027. JHF is the only government-supported entity (GSE) in Japan that specializes in supporting the activities of the housing-loan market, and was established on April 1, 2007, to succeed the operations of Government Housing Loan Corp. (GHLC), which was abolished on March 31, 2007. GHLC had already shifted its business focus from direct lending to securitization and its traditional mortgage lending...
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
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