S&P Global Ratings assigned its 'AA+(sf)' rating to Freddie Mac's series 2022-ML14 class A, A-T, X, and X-T multifamily ML structured pass-through certificates (sustainability bonds). The outlook is stable. The series ML-14 certificates that are being assigned a rating have a credit enhancement in the form of a Freddie Mac guarantee and consist of two groups of certificates: the tax-exempt loan group (TELs) and the supplemental loan group. The TELs represent ownership of 15 underlying tax-exempt loans secured by first liens on the related mortgaged real properties. The proceeds of these tax-exempt loans were previously used to finance 15 multifamily affordable-housing properties. The supplemental loan group represents ownership of 11 underlying mortgage loans that are secured by junior liens on
