Freddie Mac Credit Ratings
As of August 8, 2011
| Standard & Poor's1 | Moody's2 | Fitch | |
|---|---|---|---|
| AA+ / Negative | Aaa / Negative | AAA | |
| A-1+ | P-1 | F1+ | |
| A / Negative | Aa2 / Negative | AA- | |
| C | Ca | C/RR6 | |
| NR (Not Rated) | Not Applicable | Not Applicable | |
| Not Applicable | E+ | Not Applicable |
1. On August 8, 2011, S&P lowered Freddie Mac's senior long-term debt credit rating to "AA+" from "AAA" and assigned a negative outlook to the rating. S&P also affirmed the company's short-term debt credit rating of "A-1+". These actions followed S&P's downgrade of the long-term credit rating of the U.S. government to "AA+" from "AAA" and assignment of a negative outlook to the rating on August 5, 2011. S&P also affirmed the U.S. government's "A-1+" short-term credit rating.
2. On August 2, 2011, Moody's confirmed Freddie Mac's senior long-term debt and subordinated debt ratings and assigned a negative outlook to the ratings. This action accompanied Moody's confirmation of the U.S. government's long-term credit rating and assignment of a negative outlook to the rating.
3. 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.
4. Measures Freddie Mac's ability to meet its debt obligations and the value of its franchise in the absence of any implied government support.
5. 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Ratings are not a recommendation to purchase, hold or sell securities and may be changed, suspended or withdrawn at any time by the assigning rating agency.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.