Preliminary 'AAA (sf)' Rating Assigned To Japan Housing Finance Agency's Series 100 Structured Issuance

OVERVIEW The JHF series 100 fixed-rate residential mortgage-secured pass-through notes are a securitization to be issued by JHF. A pool of residential mortgage loans will ultimately back the notes. We have assigned 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 structural features of this transaction, the rating on the notes depends to an extent on the credit quality of JHF. TOKYO (Standard&Poor's) Aug. 17, 2015--Standard&Poor's Ratings Services today said that it has assigned its preliminary 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) series 100 fixed-rate residential mortgage-secured pass-through notes. JHF will set the expected

...OVERVIEW + The JHF series 100 fixed-rate residential mortgage-secured pass-through notes are a securitization to be issued by JHF. A pool of residential mortgage loans will ultimately back the notes. + We have assigned 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 structural features of this transaction, the rating on the notes depends to an extent on the credit quality of JHF. TOKYO (Standard & Poor's) Aug. 17, 2015--Standard & Poor's Ratings Services today said that it has assigned its preliminary '### (sf)' rating to Japan Housing Finance Agency's (JHF) series 100 fixed-rate residential mortgage-secured pass-through notes. JHF will set the expected issue amount at or less than Ñ136.7 billion in mid-August. The JHF series 100 notes are a securitization to be issued by JHF. A pool of residential mortgage loans that JHF purchased from private-sector financial...

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