S&P Global Ratings assigned its 'AA+' rating to Freddie Mac's approximately $26.937 million series WE6123 multifamily mortgage participation certificates. The outlook is stable. The series WE6123 certificates have a credit enhancement in the form of a Freddie Mac guarantee. The certificates represent ownership of underlying tax-exempt loans--the proceeds of which financed a multifamily affordable-housing property--that benefit from the Freddie Mac guarantee. Freddie Mac guarantees timely payments for series WE6123 certificateholders on each payment date, timely payments of scheduled principal, and full and final payment of the underlying mortgage. Freddie Mac will make any payments pursuant to the guarantee from its own funds. Freddie Mac's credit enhancement will terminate upon the series' final payment. The rating reflects our view of: The
