Freddie Mac Credit Ratings
As of July 18, 2013
| Standard & Poor's1 | Moody's2 | Fitch3 | |
|---|---|---|---|
| Senior Long-Term Debt | AA+ | Aaa | AAA |
| Short-Term Debt | A-1+ | P-1 | F1+ |
| Subordinated Debt | A | Aa2 | AA- |
| Preferred Stock4 | C | Ca | C/RR6 |
| Risk-To-The-Government5 | NR (Not Rated) | Not Applicable | Not Applicable |
| Bank Financial Strength6 | Not Applicable | E+ | Not Applicable |
1. On June 10, 2013, S&P affirmed Freddie Mac's "AA+" senior long-term debt credit rating and revised the outlook on the company's long-term debt and subordinated debt credit ratings to stable from negative. These actions followed S&P’s affirmation of the U.S. government’s "AA+" long-term and "A-1+" short-term credit ratings and revision of its outlook on the long-term rating to stable from negative.
2. On July 18, 2013, Moody’s affirmed our senior long-term debt and subordinated debt ratings and revised the ratings outlook to stable from negative. This action accompanied Moody's affirmation of the U.S. government’s 'Aaa' long-term credit rating and revision of the rating outlook to stable from negative.
3. On November 28, 2011, Fitch affirmed the ratings on our senior long-term debt, short-term debt, subordinated debt, and preferred stock, while affirming our “AAA” Issuer Default Rating, or IDR, and revising the outlook on this rating to negative from stable. This action followed Fitch affirming the U.S. government’s long-term IDR at “AAA” and revising the rating outlook to negative from stable.
4. Fitch assigns Recovery Ratings to certain lower-rated securities and issues. The Recovery Scale ("RR1," highest, to "RR6," lowest) is based upon the expected relative recovery characteristics of an obligation.
5. Measures Freddie Mac's ability to meet its debt obligations and the value of its franchise in the absence of any implied government support.
6. Measures the likelihood that a financial institution will require assistance from third parties such as owners, its industry group, or official institutions. Ratings range from A, the highest, to E.
Ratings are not a recommendation to purchase, hold or sell securities and may be changed, suspended or withdrawn at any time by the assigning rating agency. Freddie Mac's current ratings and the rating outlooks currently assigned to Freddie Mac are dependent upon economic conditions and other factors affecting credit risk that are outside the control of Freddie Mac. Each rating should be evaluated independently of the others. Detailed explanations of the ratings may be obtained from the rating agencies. The information above was obtained from information available on the websites of the rating agencies. Freddie Mac makes no representations or warranties with respect to the information contained herein and takes no responsibility for supplementing, updating or correcting any such information.