Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch - S&P Global Ratings’ Credit Research

Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch

Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch - S&P Global Ratings’ Credit Research
Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch
Published Nov 05, 2008
Published Nov 05, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 5, 2008--Standard&Poor's Ratings Services said today that it raised its rating on Freddie Mac's subordinated debt to 'A' from 'BBB+' and removed the rating from CreditWatch Positive where it was placed Sept. 7, 2008. The rating action reflects our view of both the explicit government support these securities enjoy while Freddie Mac operates under conservatorship, and its weakened financial profile. Freddie Mac's primary regulator, the Federal Housing Finance Agency (FHFA) has stated that Freddie Mac will continue to make interest and principal payments on its subordinated debt, even if it fails to maintain required capital levels. As a result, the terms of any Freddie Mac subordinated debt that provide for it to

  
Report Type:

Ratings Action

Ticker
FRE
Issuer
Freddie Mac
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch" Nov 05, 2008. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Freddie-Mac-Subordinated-Debt-Rating-Raised-To-A-Removed-From-CreditWatch-681400>
  
APA:
S&P Global Ratings’ Credit Research. (). Freddie Mac Subordinated Debt Rating Raised To 'A', Removed From CreditWatch Nov 05, 2008. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Freddie-Mac-Subordinated-Debt-Rating-Raised-To-A-Removed-From-CreditWatch-681400>
  
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