from
S&P Credit Research1036 word report
published May 06, 2008
Price
$175.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | On May 6, 2008, Standard&Poor's Ratings Services affirmed its 'AAA/Stable/A-1+' senior debt rating on Fannie Mae and placed its 'AA-' risk to the government, preferred stock, and subordinated debt ratings on Fannie Mae on CreditWatch Negative. The CreditWatch Negative placement is due to Fannie Mae's continued weak core earnings and elevated mortgage credit losses. Today Fannie Mae posted an after-tax quarterly loss of $2.2 billion, its third consecutive quarterly loss. At the same time Fannie Mae announced plans to raise $6 billion in new capital, including common equity, and to cut the common dividend beginning with the third quarter to $0.25 per share, providing $390 million of additional capital support annually. The key reasons behind the first-quarter loss
|
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Fannie Mae Ratings Placed On CreditWatch Negative; Senior Debt Rating Affirmed Publication date: 06-May-2008 Primary Credit Analyst: Victoria Wagner, New York (1) 212-438-7406; victoria_wagner@standardandpoo...
|
| Report Type: | Research Update
|
| Ticker: | FNM
|
| Issuer: | Fannie Mae
|
| GICS: | Thrifts & Mortgage Finance (40102010)
|
| Sector: | Asset-Backed Securities, Commercial MBS, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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.
Also from S&P Credit Research
- Bulletin: Fannie Mae Ratings Unaffected By Reported $15 Billion Second-Quarter Loss $100.00
NEW YORK (Standard&Poor's) Aug. 7, 2009--Standard&Poor's Ratings Services said today that its ratings on the Federal National Mortgage Association (Fannie Mae; 'AAA/Stable') remain unaffected by the company's large $14.8 billion loss reported ...
- Summary: Fannie Mae $175.00
On May 8, 2009, Fannie Mae reported a sizable loss of $23.2 billion for first-quarter 2009 due largely to credit expenses of $20.9 billion and an incremental $5.7 billion of other-than-temporary impairment (OTTI) primarily on its private-label ...
- Summary: Fannie Mae $175.00
Fannie Mae's $25.2 billion fourth-quarter 2008 loss does not affect Standard&Poor's Ratings Services' ratings on the entity (senior unsecured debt: AAA/Stable/A-1+; subordinated debt: 'A'; and preferred stock: 'C') because of the continued ...
- Bulletin: U.S. Treasury Expands Senior Preferred Stock Purchase Agreement With Fannie Mae And Freddie Mac; No Impact On Ratings $100.00
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 ...
- Bulletin: Fannie Mae Ratings Unaffected By Potential First Draw On U.S. Treasury Senior Preferred Stock $100.00
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 ...
- Fannie Mae $400.00
Critical public-policy role in the U.S. mortgage market U.S. Treasury oversight and support for debt and mortgage-backed securities (MBS) issues Geographic diversification and strong market position Mortgage credit losses will likely exceed ...
- Summary: Fannie Mae $175.00
Standard&Poor's Ratings Services' ratings on Fannie Mae reflect its public-policy role of providing liquidity and financing to the U.S. mortgage market, and the congressional charter that defines its business. Specifically, the senior unsecured ...
- Bulletin: Fannie Mae Reports $29 Billion Third-Quarter Loss; Ratings Unaffected $100.00
NEW YORK (Standard&Poor's) Nov. 10, 2008--Fannie Mae today reported a sizeable $29 billion loss in third-quarter 2008 due to its establishment of a $21.4 billion deferred tax-asset valuation allowance and a large $9.2 billion credit-loss provision. ...
