S&P Global Ratings assigned its'AA+ (sf)'rating to Freddie Mac , Virginia's anticipated $304.721 million series 2026-ML-39 class A-US and class A-USM multifamily structured pass-through certificates (SPCs). The outlook is stable. This transaction securitizes a pool of 16 underlying tax-exempt loans (TELs) whose proceeds financed 15 multifamily affordable housing properties using low-income housing tax credits. The underlying certificates that back the series ML-39 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 on
