Summary: Freddie Mac; Multifamily FHLMC

S&P Global Ratings assigned its 'AA+ (sf)' long-term rating to Freddie Mac's Class A multifamily M certificates series M-068 (sustainability bonds). The outlook is stable. The series M-068 certificates have a credit enhancement in the form of a Freddie Mac guarantee. On the closing date, Freddie Mac creates the series pool related to the certificates and transfers the multifamily housing bonds (deposited assets) into the pool for the benefit of certificate holders. The Freddie Mac guarantee provides that if there are insufficient funds to pay principal or interest on the Class A certificates, Freddie Mac will pay any principal or interest payments due on each distribution date. The Class A certificates will be issued at a fixed rate and a

...S&P Global Ratings assigned its '##+ (sf)' long-term rating to Freddie Mac's Class A multifamily M certificates series M-068 (sustainability bonds). The outlook is stable. The series M-068 certificates have a credit enhancement in the form of a Freddie Mac guarantee. On the closing date, Freddie Mac creates the series pool related to the certificates and transfers the multifamily housing bonds (deposited assets) into the pool for the benefit of certificate holders. The Freddie Mac guarantee provides that if there are insufficient funds to pay principal or interest on the Class A certificates, Freddie Mac will pay any principal or interest payments due on each distribution date. The Class A certificates will be issued at a fixed rate and a planned certificate balance of approximately $109 million. Class A certificate holders are entitled to principal and accrued interest payments on the tax-exempt loans (TELs; deposited assets) into the pool for the benefit of the certificate holders. The...

Summary