The JHF Green series 1 fixed-rate residential mortgage-secured pass-through notes are a securitization that JHF issued. A pool of residential mortgage loans ultimately backs the notes. We are assigning our 'A+ (sf)' rating to the notes, based on our view of the transaction's legal structure, credit support, and pool characteristics, among other factors. Because of the structure of this transaction, our rating on the notes is generally linked to our issuer credit rating on JHF. TOKYO (S&P Global Ratings) Dec. 1, 2025--S&P Global Ratings today said it has assigned its 'A+ (sf)' rating to Japan Housing Finance Agency 's (JHF) ¥20.0 billion Green series 1 fixed-rate residential mortgage-secured pass-through notes. The JHF Green series 1 notes are a securitization JHF
