Presale: Government Housing Loan Corp. Nov 01
Standard & Poors, November 2001
Abstract
Expected closing date: December 20, 2001 Collateral: An entrusted pool of residential loans and mortgages. Originator/Collection agent: Government Housing Loan Corp. Collateral trustee: Mitsubishi Trust & Banking Corp. Bond trustee: Dai-Ichi Kangyo Bank Ltd. Backup servicer: Mitsubishi Trust & Banking Corp. Standard & Poor's expects to assign its 'AAA' rating to Government Housing Loan Corp.'s (GHLC) -50 billion Series 4 fixed-rate residential mortgage-secured pass-through notes and beneficiary certificates (subsequent to a trigger event). 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 December 2036. Final ratings will be assigned after the...
Companies mentioned in this report are: Japan Housing Finance Agency
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: Full Analysis
Japan Housing Finance Agency
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