Fitch downgrades mortgage giants Fannie and Freddie from AAA to AA+
- Fitch Ratings has downgraded the Long-Term Issuer Default Ratings and senior unsecured debt ratings of Fannie Mae and Freddie Mac from 'AAA' to 'AA+' following the downgrade of the U.S. sovereign rating.
- The downgrade was not due to any credit, capital, or liquidity issues at Fannie Mae and Freddie Mac but was a result of the downgrade of the U.S. sovereign rating.
- The ratings of Fannie Mae and Freddie Mac were placed on watch for a possible downgrade in May, and the downgrade was expected since the two ratings are linked to the U.S.
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8 Articles
Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday.
Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
(Reuters) - Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday. The agency said the cut was a result of Tuesday's downgrade and was "not being driven by fundamental credit, capital or liquidity deterioration at firms". In late May, Fitch had placed the rating…
Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
(Reuters) - Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating
Fitch downgrades mortgage giants Fannie and Freddie from AAA to AA+
By Anna Bahney, CNN (CNN) — The credit ratings of US mortgage giants Freddie Mac and Fannie Mae were downgraded by Fitch Ratings on Wednesday, the day after Fitch cut the US sovereign rating from the top-ranked AAA to AA+. The firm downgraded the mortgage giants’ Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings from AAA to AA+. Fitch had previously placed the enterprises on a watch for possible downgrade in May. Wednesda…
Fitch downgrades mortgage giants Fannie and Freddie from AAA to AA+
By Anna Bahney, CNN (CNN) — The credit ratings of US mortgage giants Freddie Mac and Fannie Mae were downgraded by Fitch Ratings on Wednesday, the day after Fitch cut the US sovereign rating from the top-ranked AAA to AA+. The firm downgraded the mortgage giants’ Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings from AAA to AA+. Fitch had previously placed the enterprises on a watch for possible downgrade in May. Wednesda…
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