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GHLC's ¥93.8 Billion Series 37 Structured Issuance Assigned Preliminary 'AAA' Rating Nov 05 Product Image

GHLC's ¥93.8 Billion Series 37 Structured Issuance Assigned Preliminary 'AAA' Rating Nov 05

  • Published: November 2005
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Nov. 17, 2005--Standard & Poor's Ratings Services today assigned its preliminary 'AAA' rating to Government Housing Loan Corp.'s (GHLC) ¥93.8 billion Series 37 fixed-rate residential mortgage-secured pass-through notes. The notes are ultimately secured by a pool of residential mortgage loans originated by GHLC. The preliminary rating is based on information as of Nov. 17, 2005. Subsequent information may result in the assignment of a final rating that differs from the preliminary rating. A final rating will be assigned after the amount and exact terms of the notes are finalized and a full rating analysis is completed, including a satisfactory review of the final pool, cash flow modeling, final structure, transaction documents, and legal and tax opinions....

Companies mentioned in this report are:
- Japan Housing Finance Agency

Action: Preliminary Rating

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- Japan Housing Finance Agency

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