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S&P Credit Research426 word report
published Jan 15, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Jan. 15, 2009--Standard&Poor's Ratings Services reviewed today Freddie Mac's proposed Omnibus Amendment and Agreement to Credit Enhancement Agreements (FMOAA). Standard&Poor's concluded the proposed amendment upon execution will not adversely affect the then current ratings based on Freddie Mac's credit enhancement agreements. Currently, trustees submit completed exhibits to Freddie Mac via fax in order to receive timely payments of principal and interest for debt service or tenders. The FMOAA modifies these draw instructions and will permit trustees to access credit enhancement agreement funds through use of Freddie Mac's wire request system. The system is a web-based application designed to facilitate payment of draw requests. Alternate systems are available if the wire request
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Ratings Based On Freddie Mac's Credit Enhancement Agreements Not Affected By Proposed Amendment Publication date: 15-Jan-2009 Primary Credit Analyst: Louis F Louis, New York (1) 212-438-2054;...
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| Report Type: | Bulletin
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| Ticker: | FRE
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| Issuer: | Freddie Mac
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| GICS: | Thrifts & Mortgage Finance (40102010)
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| Sector: | Global Issuers, Public Finance, 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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