Freddie Mac Credit Ratings
As of November 11, 2013
|Standard & Poor's||Moody's||Fitch|
|Senior Long-Term Debt||AA+||Aaa||AAA|
|Risk-To-The-Government2||NR (Not Rated)||Not Applicable||Not Applicable|
|Bank Financial Strength3||Not Applicable||E+||Not Applicable|
|Outlook||Stable||Stable||Rating Watch Negative
(includes AAA-rated long-term Issuer Default Rating)
1. 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.
2. Measures Freddie Mac's ability to meet its debt obligations and the value of its franchise in the absence of any implied government support.
3. 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Ratings are not a recommendation to purchase, hold or sell securities and may be changed, suspended or withdrawn at any time by the assigning rating agency.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.