S&P Global Ratings assigned its 'AA+(sf)' rating to Freddie Mac's approximately $243.134 million series 2025-ML29 class A-US and class A-USM multifamily ML structured pass-through certificates (SPCs) sustainability bonds. The outlook is stable. The series ML29 SPCs have a credit enhancement in the form of a Freddie Mac guarantee. Underlying certificates that represent ownership of 15 underlying tax-exempt loans (TELs) back the SPCs. Certificate proceeds financed 15 multifamily affordable-housing properties, coupled with the benefits of a Freddie Mac guarantee; the guarantee provides that if there are insufficient funds to make principal or interest payments on the SPCs, Freddie Mac will make: Any interest payments due on the SPCs on each distribution date, Principal payments on distribution dates following the scheduled maturity
