Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)' - S&P Global Ratings’ Credit Research

Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)'

Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)' - S&P Global Ratings’ Credit Research
Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)'
Published Sep 09, 2025
5 pages (2293 words) — Published Sep 09, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+ (sf)' rating to Freddie Mac 's $229.6 million series 2025-ML31 class A-US and class A-USM multifamily ML structured pass-through certificates (SPCs) sustainability bonds. The outlook is stable. This transaction securitizes a pool of 16 underlying tax-exempt loans (TELs) whose proceeds financed 16 multifamily housing properties utilizing 4% low-income housing tax credits. The underlying certificates that back the series ML31 SPCs represent ownership of the 16 underlying TELs, and the underlying certificates and SPCs have credit enhancement in the form of a Freddie Mac guarantee. The guarantee provides that in the case of insufficient funds to make principal or interest payments on the SPCs, Freddie Mac will make: Any interest payments due on the SPCs

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+ (sf)' rating to Freddie Mac's $229.6 million series 2025- ML31 class A-US and class A-USM multifamily ML structured pass-through certificates (SPCs) sustainability bonds....

  
Report Type:

Research Update

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. "Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)'" Sep 09, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Freddie-Mac-229-6-Million-Series-2025-ML31-Class-A-Multifamily-Structured-Pass-Through-Certificates-Rated-AA-sf-3437759>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Freddie Mac $229.6 Million Series 2025-ML31 Class A Multifamily Structured Pass-Through Certificates Rated 'AA+ (sf)' Sep 09, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Freddie-Mac-229-6-Million-Series-2025-ML31-Class-A-Multifamily-Structured-Pass-Through-Certificates-Rated-AA-sf-3437759>
  
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