OVERVIEW JHF's series 69 fixed-rate residential mortgage-secured pass-through notes are a structured note issuance that JHF originated. A pool of residential mortgage loans ultimately backs the notes. We have assigned our 'AAA (sf)' rating to the notes, based on our view of the transaction's legal structure, credit support, and pool characteristics, among other factors. Due to the structural features of this transaction, the rating on the notes depends to an extent on the credit quality of JHF. TOKYO (Standard & Poor's) Feb. 5, 2013--Standard & Poor's Ratings Services today said that it has assigned its 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF; AA-/Negative/A-1+) ¥184.9 billion series 69 fixed-rate residential mortgage-secured pass-through notes. Standard & Poor's rating reflects its...
Companies mentioned in this report are:
- Japan Housing Finance Agency
Action: New Rating
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Research type: News
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