Summary: Freddie Mac; Multifamily FHLMC - S&P Global Ratings’ Credit Research

Summary: Freddie Mac; Multifamily FHLMC

Summary: Freddie Mac; Multifamily FHLMC - S&P Global Ratings’ Credit Research
Summary: Freddie Mac; Multifamily FHLMC
Published Aug 05, 2024
5 pages (1939 words) — Published Aug 05, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA+' rating to Freddie Mac's $25.548 million series WE6119 multifamily mortgage participation certificates. The outlook is stable. The series WE6119 multifamily participation certificates have a credit enhancement in the form of a Freddie Mac guarantee. The participation certificates represent ownership of an underlying tax-exempt loan--the proceeds of which financed a multifamily affordable housing property--that benefits from the Freddie Mac guarantee. Freddie Mac guarantees timely payments for series WE6119 certificateholders on each payment date, timely scheduled principal payments, and full and final payment of the underlying mortgage. Freddie Mac will make any payments pursuant to the guarantee from its own funds. Freddie Mac's credit enhancement will terminate upon the series' final payment. The rating reflects our

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' rating to Freddie Mac's $25.548 million series WE6119 multifamily mortgage participation certificates. + The outlook is stable....

  
Report Type:

Summary

Ticker
FRE
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Freddie Mac; Multifamily FHLMC" Aug 05, 2024. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Freddie-Mac-Multifamily-FHLMC-3225184>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Freddie Mac; Multifamily FHLMC Aug 05, 2024. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Freddie-Mac-Multifamily-FHLMC-3225184>
  
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