NEW YORK (S&P Global Ratings) Aug. 5, 2020--S&P Global Ratings today said that its ratings on Fannie Mae's and Freddie Mac's securities are unchanged following the issuance of more stringent and banklike liquidity requirements by their regulator. We view the new requirements, which will be effective on Sept. 1, 2020, as part of the larger effort to ready these entities for an eventual exit from conservatorship and as supportive of their stand-alone credit profile. Still, we continue to believe any progress toward exiting conservatorship will not reduce, at least during our two-year outlook horizon, the likelihood that the current senior obligations of Fannie Mae and Freddie Mac will be met. That view underpins our 'AA+/A-1+', on their senior debt, which
