Japan Housing Finance Agency's Series 164 Structured Issuance Assigned Preliminary 'AAA (sf)' Rating

The JHF series 164 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 'AAA (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, the rating on the notes depends to an extent on JHF's credit quality. TOKYO (S&P Global Ratings) Dec. 10, 2020--S&P Global Ratings today said it has assigned its preliminary 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) series 164 fixed-rate residential mortgage-secured pass-through notes. JHF will set the expected issue amount at or at less than ¥171.9

...- The JHF series 164 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 '### (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, the rating on the notes depends to an extent on JHF's credit quality. TOKYO (S&P Global Ratings) Dec. 10, 2020--S&P Global Ratings today said it has assigned its preliminary '### (sf)' rating to Japan Housing Finance Agency's (JHF) series 164 fixed-rate residential mortgage-secured pass-through notes. JHF will set the expected issue amount at or at less than Ñ171.9 billion in mid-December. The JHF series 164 notes are a securitization JHF is to issue. The transaction's closing date is likely to be Dec. 23, 2020. A pool of residential mortgage loans that JHF purchased from private-sector...

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