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Press Release: S&PGR Says Japan Securitized Issuance Nearly Flat In 1st Half

24 Jul 2017 2:28 am
 
 
The following is a press release from Standard & Poor's: 
 
TOKYO (S&P Global Ratings) July 24, 2017--S&P Global Ratings said in a 
Japanese-language report released today that it and S&P Global SF Japan Inc. 
assigned ratings to Japanese securitization transactions worth nearly JPY1.27 
trillion in the first half of calendar 2017, almost flat (down just 4.6%) from 
the same period of 2016. The number of securitizations we newly rated in 
first-half 2017 totaled 12. Among residential mortgage-backed securities 
(RMBS)--the asset class with the largest share of Japan's securitization 
market--issuance of transactions backed by fixed-rate housing loans continued 
to drive total issuance. 
 
During surveillance, we took rating actions on 18 tranches in the first half. 
Of these rating actions, 14 were upgrades of RMBS and four were upgrades of 
asset-backed securities (ABS). There were no downgrades. 
 
The full report is available in Japanese on S&P Global Research Online at 
www.researchonline.jp. An English-language report will be available to 
subscribers of RatingsDirect at www.globalcreditportal.com and at 
www.spcapitaliq.com. Ratings information can also be found on the S&P Global 
Ratings' public website at www.standardandpoors.com; under Ratings in the left 
navigation bar, select Find a Rating. Members of the media may reserve a copy 
by e-mail at tokyo.pressroom@spglobal.com or by phone at (81) 3-4550-8411. 
 
 
Primary Credit Analyst: Yuji Hashimoto, Tokyo (81) 3-4550-8275; 
                        yuji.hashimoto@spglobal.com 
Secondary Contacts: Hiroshi Sonoda, Tokyo (81) 3-4550-8474; 
                    hiroshi.sonoda@spglobal.com 
                    Toshiaki Shimizu, Tokyo (81) 3-4550-8302; 
                    toshiaki.shimizu@spglobal.com 
 
 
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All rights reserved. 
 
 

(END) Dow Jones Newswires

July 23, 2017 22:28 ET (02:28 GMT)
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