Japan Housing Finance Agency Assigned 'AA-' Rating With Positive Outlook Mar 07
- ID: 2050410
- March 2007
- Region: Japan
- Standard & Poors
TOKYO (Standard & Poor's) March 30, 2007--Standard & Poor's Ratings Services today said it had assigned its 'AA-' long-term foreign and local currency ratings to Japan Housing Finance Agency (JHF). The outlook is positive. "The ratings on JHF are based on the agency's clearly defined public-policy role in providing support for the securitization market of housing loans," said Standard & Poor's credit analyst Takahira Ogawa. "The ratings are also supported by strong government support, which mirrors the support provided to JHF's predecessor, Government Housing Loan Corp. (GHLC)." On the other hand, JHF's ratings are constrained by the uncertainty over its profitability after the transition, given GHLC's unprofitable securitization business. Potential risks to JHF's dominant position in the housing-loan securitization market,...
Companies mentioned in this report are: Japan Housing Finance Agency,Japan (Unsolicited Ratings)
Action: New Rating
Action: Outlook: Positive
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