• SELECT SITE CURRENCY
Select a currency for use throughout the site
Likely Overcollateralization Level For JHF Series 43 Structured Issuance Assessed Nov 10
Standard & Poors, November 2010
TOKYO (Standard & Poor's) Nov. 11, 2010--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 43 fixed-rate residential mortgage-secured pass-through notes, on the assumption that a preliminary rating would be assigned. Based on information available as at Nov. 11, 2010, the transaction is expected to have overcollateralization of approximately 23.7% of the total pool (approximately 31.06% of the note balance), and we consider this sufficient for our 'AAA (sf)' rating assignment. 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-November. The issuance is scheduled...
Companies mentioned in this report are: Japan Housing Finance Agency
Action: General Comment
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