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S&P Credit Research719 word report
published Feb 20, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Feb. 20, 2009--The U.S. Treasury announced on Feb. 18, 2009, that it is expanding its senior preferred stock purchase agreement with government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $200 billion per company--twice the amount found in the original September 2008 agreement. 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'), or preferred stock ('C'). Nor does it impact the current ratings on Freddie Mac's senior unsecured debt (AAA/Stable/A-1+), subordinated debt ('A'), or preferred stock ('C'). The Treasury's senior preferred stock purchase agreement with the regulator of Fannie Mae and Freddie Mac--the Federal Housing Finance Agency (FHFA)--coincided with the
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: U.S. Treasury Expands Senior Preferred Stock Purchase Agreement With Fannie Mae And Freddie Mac; No Impact On Ratings Publication date: 20-Feb-2009 Primary Credit Analyst: Victoria Wagner, New...
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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: | 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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