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Ratings On Select GREs And FDIC- And NCUA-Guaranteed Debt Lowered After Sovereign Downgrade Aug 11

Description:
Abstract
On Aug. 5, 2011, Standard & Poor's lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'. As a result, we have also lowered the long-term issuer credit ratings and related issue ratings on select government-related entities (GREs) to 'AA+' from 'AAA'. The issuer credit ratings of these financial institutions and their relevant debt issues are removed from CreditWatch, where they were placed July 15, 2011. The outlooks for all 12 FHLBs, and the issue level ratings for Fannie Mae, Freddie Mac, the FHLB System, and the Farm Credit System are negative. NEW YORK (Standard & Poor's) Aug. 8, 2011--Standard & Poor's Ratings Services said today that it lowered its issuer credit ratings and...

Action: Downgraded

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.
 
Companies Mentioned
- Freddie Mac
- Fannie Mae
- Federal Home Loan Bank of San Francisco
- United States of America (Unsolicited Ratings)
- Federal Home Loan Bank of Boston
- Federal Home Loan Bank of Des Moines
- Federal Home Loan Bank of Atlanta
- Federal Home Loan Bank of Chicago
- Federal Home Loan Bank of New York
- Federal Home Loan Bank of Cincinnati
- Federal Home Loan Bank of Seattle
- Federal Home Loan Bank of Indianapolis
- Federal Home Loan Bank of Topeka
- Federal Home Loan Bank of Dallas
- Federal Home Loan Banks
- Federal Home Loan Bank of Pittsburgh
- CoBank ACB
- AgFirst Farm Credit Bank
- Farm Credit System Banks
- U.S. AgBank, FCB
- Agribank FCB
 
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Ratings On Select GREs And FDIC- And NCUA-Guaranteed Debt Lowered After Sovereign Downgrade Aug 11

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