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Farm Credit System Banks Jul 09 Product Image

Farm Credit System Banks Jul 09

  • Published: July 2009
  • Standard & Poors


  • CoBank ACB
  • Farm Credit System Banks
  • MORE

Important role as a government-sponsored enterprise (GSE) lender to the U.S. agricultural/rural sector Consolidated debt issued as joint and several liability Dedicated $3.0 billion insurance fund Strong profitability metrics Conservatively managed capital and low funding costs Loan concentration to the agricultural sector Legislative risks potentially reducing U.S. government support for agriculture Standard & Poor's Ratings Services' 'AAA' rating on the consolidated debt obligations issued by the Farm Credit System Banks (the System) reflects the benefits the System receives as a GSE, the joint and several liability on issued debt, the dedicated insurance fund providing further protection against default, and the combined strong overall financial profile of its banks and related associations. Strong profitability and capital levels for the System, as...

Companies mentioned in this report are:
- Farm Credit System Banks
- U.S. Government Securities
- CoBank ACB

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- Farm Credit System Banks
- U.S. Government Securities
- CoBank ACB

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