S&P Global Ratings assigned its 'AA+ (sf)' rating to Freddie Mac 's anticipated $281 million series 2026-ML33 class A-US and class A-USM multifamily ML structured pass-through certificates (SPCs) sustainability bonds. The outlook is stable. NEW YORK (S&P Global Ratings) Feb. 17, 2026-- S&P Global Ratings today took the rating actions listed above. We have analyzed the transaction's environmental, social, and governance factors relative to its legal framework, operational-risk framework, cash flow, and enhancement; we view them all as neutral in our credit rating analysis. The stable outlook primarily reflects our view of Freddie Mac's guarantee on the SPCs and the transaction's legal and operational-risk framework. The outlook on Freddie Mac is commensurate with that on the U.S. rating. We could