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Freddie Mac And Fannie Mae Ratings Placed On CreditWatch Negative; Senior Debt Rating Affirmed Jul 08

  • ID: 1711256
  • July 2008
  • Standard & Poors
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  • Fannie Mae
  • Freddie Mac
  • MORE

NEW YORK (Standard & Poor's) July 25, 2008--Standard & Poor's Ratings Services said today that it affirmed its 'AAA/A-1+' senior unsecured debt ratings on Fannie Mae and Freddie Mac. At the same time, we placed our 'AA-' risk-to-the-government, subordinated debt, and preferred stock ratings on Freddie Mac, and our 'AA-' subordinated debt and preferred stock ratings and 'A+' risk-to-the-government rating on Fannie Mae on CreditWatch Negative. "The affirmation of the senior unsecured debt ratings reflects the strong explicit and implicit support these government-sponsored enterprise (GSE) securities hold in the marketplace," said Standard & Poor's credit analyst Victoria Wagner. The most recent public demonstrations of government support by the U.S. Treasury underscore the key public policy role and the key liquidity...

Companies mentioned in this report are:
- Fannie Mae
- Freddie Mac

Action: Affirmed
Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- Fannie Mae
- Freddie Mac

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