Likely Overcollateralization Level For JHF Series 21 Structured Issuance Assessed Jan 09
- ID: 2050312
- January 2009
- Standard & Poors
TOKYO (Standard & Poor's) Jan. 16, 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 21 fixed-rate residential mortgage-secured pass-through notes, assuming that a preliminary rating will be assigned. Based on information as of Jan. 16, 2009, the transaction is expected to have overcollateralization of approximately 9.1% of the total pool (approximately 10.01% 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 late January. The timing of...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: General Comment
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