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S&P Credit Research609 word report
published Jan 27, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Jan. 27, 2009--On Jan. 26, 2009, Fannie Mae filed an 8-K Report with the SEC indicating that it anticipates making its first draw under the U.S. Treasury's $100 billion senior preferred stock purchase agreement. The Treasury entered into this agreement in September with Fannie Mae's regulator, the Federal Housing Finance Agency (FHFA), with the FHFA acting as Fannie Mae's conservator. This announcement will have no impact upon Standard&Poor's Ratings Services' current ratings on Fannie Mae's senior unsecured debt (AAA/Stable/A-1+), subordinated debt ('A'), and preferred stock ('C'). Fannie Mae has indicated that its preferred stock draw could be in the range of $11 billion to $16 billion--this amount is subject to material revision as
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Fannie Mae Ratings Unaffected By Potential First Draw On U.S. Treasury Senior Preferred Stock Publication date: 27-Jan-2009 Primary Credit Analyst: Victoria Wagner, New York (1) 212-438-7406;...
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| Report Type: | Bulletin
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| Ticker: | FNM
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| Issuer: | Fannie Mae
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| GICS: | Thrifts & Mortgage Finance (40102010)
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| Sector: | Asset-Backed Securities, Commercial MBS, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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