Presale: Japan Housing Finance Agency (Series 222)

Preliminary rating as of Oct. 10, 2025* Preliminary rating Preliminary amount (bil. ¥) Coupon type Legal final maturity date Overcollateralization ratio (%) § AAA (sf) 50.5 Fixed rate Nov. 10, 2060 25.7 Note: This presale report is based on information as of Oct. 15, 2025. The ratings shown are preliminary. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. This report does not constitute a recommendation to buy, hold, or sell securities. *We announced the assignment of our preliminary rating to JHF's series 222 notes on Oct. 10, 2025. This report reflects updated information regarding the receivables pool and the

...S&P Global Ratings has assigned its preliminary '### (sf)' rating to Japan Housing Finance Agency's (JHF) Ñ50.5 billion series 222 fixed-rate residential mortgage-secured pass-through notes and beneficiary certificates (subsequent to a trigger event). Our preliminary rating reflects our opinion on the likelihood of the full and timely payment of interest, or interest distribution in the case of the beneficiary certificates, allowing for a three-...

Presale Report