Likely Overcollateralization Level For Japan Housing Finance Agency's Series 66 Structured Issuance Assessed Oct 12
- Language: English
- Published: October 2012
- Region: Japan
TOKYO (Standard & Poor's) Dec. 10, 2009--Standard & Poor's Ratings Services said today that it had analyzed the preliminary pool of receivables relating to Japan Housing Finance Agency's (JHF) Series 32 fixed-rate residential mortgage-secured pass-through notes, assuming that a preliminary rating will be assigned. Based on information as of Dec. 10, 2009, the transaction is expected to have overcollateralization of approximately 13.8% of the total pool (approximately 16.00% of the note balance), which Standard & Poor's considers sufficient for its 'AAA' rating assignment to JHF notes. Subsequent information may result in the assignment of a preliminary rating and a level of overcollateralization that differs from the above level. A preliminary rating will be assigned in mid-December. The timing of issuance...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: General Comment
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Japan Housing Finance Agency