GHLC's ?70.2 Billion Series 50 Structured Issuance Assigned 'AAA' Rating Jan 07

Standard & Poors, January 2007

Abstract
TOKYO (Standard & Poor's) Jan. 10, 2007--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Government Housing Loan Corp.'s (GHLC) -70.2 billion Series 50 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 2042. This transaction is a structured note issuance originated by GHLC (AA-/Positive/--). The notes are expected to be backed by -76.0 billion of beneficiary certificates issued from a trust created with Sumitomo Trust & Banking...

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

Customers who bought this item also bought

• Estate Agents & Services Market Assessment 2012
• Housing Associations Market Report - UK 2012-2016 Analysis
• Future of the Japanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
• Aerospace and Defence Industry - Global Strategic Business Report
• The Japan Defense Industry - Market Attractiveness and Emerging Opportunities to 2017: Market Profile
• Aerospace and Defense Industry - Global Strategic Business Report
• Defense Spending in Japan
• South Korea Infrastructure Report Q2 2012
• Japan Education Industry Forecast to 2015
• Homeland Security Expenditure in Japan to 2017: Market Review