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
