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Fannie Mae's Ratings Affirmed.

Mortgage Servicing News

| September 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- Fannie Mae's financial reporting plans for fiscal year-end 2004 caused Fitch Ratings to affirm Fannie's AAA senior debt rating, but the government-sponsored enterprise's AA- subordinated debt and A+ preferred stock ratings remain on Rating Watch Negative.

"The ratings are based on an expectation that Fannie Mae will meet the regulatory capital requirement excess of 30% in a timely manner and without issuance of any new preferred or common stock. In addition, Fannie Mae's reported measurement of interest rate and credit risks [remains] well within internal guidelines and are well managed. Capital also remains in excess of its regulatory risk based capital stresses," the ...

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Source: HighBeam Research, Fannie Mae's Ratings Affirmed.

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