The JHF Green series 1 fixed-rate residential mortgage-secured pass-through notes are a securitization JHF is to issue. A pool of residential mortgage loans will ultimately back the notes. We are assigning our preliminary '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) Nov. 17, 2025--S&P Global Ratings today said it has assigned its preliminary 'A+ (sf)' rating to Japan Housing Finance Agency 's (JHF) Green series 1 fixed-rate residential mortgage-secured pass-through notes. JHF will set the expected issue amount at
