Ratings On Japan Housing Finance Agency's Series 60 To 71 Structured Notes Affirmed At 'AAA (sf)'

OVERVIEW The JHF series 60 to series 71 fixed-rate residential mortgage-secured pass-through notes are securitizations that JHF issued. A pool of residential mortgage loans ultimately backs the notes issued under each transaction. We assume a foreclosure frequency for the mortgage loans currently outstanding of about 3% under our base-case scenarios. We have affirmed our 'AAA (sf)' ratings on the above 12 series of JHF's notes. Because of the structural features of these transactions, we believe the ratings on the notes depend to an extent on the credit quality of JHF. TOKYO (Standard&Poor's) April 21, 2015--Standard&Poor's Ratings Services today said that it has affirmed its 'AAA (sf)' ratings on Japan Housing Finance Agency's (JHF) series 60 to

...OVERVIEW + The JHF series 60 to series 71 fixed-rate residential mortgage-secured pass-through notes are securitizations that JHF issued. A pool of residential mortgage loans ultimately backs the notes issued under each transaction. + We assume a foreclosure frequency for the mortgage loans currently outstanding of about 3% under our base-case scenarios. + We have affirmed our '### (sf)' ratings on the above 12 series of JHF's notes. + Because of the structural features of these transactions, we believe the ratings on the notes depend to an extent on the credit quality of JHF. TOKYO (Standard & Poor's) April 21, 2015--Standard & Poor's Ratings Services today said that it has affirmed its '### (sf)' ratings on Japan Housing Finance Agency's (JHF) series 60 to series 71 fixed-rate residential mortgage-secured pass-through notes (see list below). The affirmations reflect the following: + We assume a cumulative default frequency for the residential mortgage loans currently outstanding of about...

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