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S&P Credit Research610 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. 23, 2009, Freddie Mac announced that it was seeking a second draw of around $30 billion to $35 billion under the U.S. Treasury's $100 billion senior preferred stock purchase agreement. This announcement will not have an impact on Standard&Poor's Ratings Services' current ratings on Freddie Mac's senior unsecured debt (AAA/Stable/A-1+), subordinated debt ('A'), and preferred stock ('C'). The current ratings reflect our view of both the respective levels of government support these securities continue to enjoy while Freddie Mac operates under conservatorship and its weakened financial profile. Freddie has announced only an estimated draw size since it doesn't report full-year results until Feb. 27, 2009. In the current volatile
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Ratings On Freddie Mac Debt Unchanged By Second Draw Under U.S. Treasury Senior Preferred Stock Purchase Agreement Publication date: 27-Jan-2009 Primary Credit Analyst: Daniel E Teclaw, New York...
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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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