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Presale: Japan Housing Finance Agency (Series T-8)

S&P Global Ratings has assigned its preliminary 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) ¥70.0 billion series T-8 fixed-rate residential mortgage-secured pass-through notes and beneficiary certificates (subsequent to a trigger event). S&P Global Ratings' preliminary rating reflects its 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-month grace period, and the ultimate repayment of principal by the transaction's legal final maturity date.