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NEW YORK -- Fitch Ratings has affirmed Freddie Mac's debt and preferred stock ratings and removed from Rating Watch Negative its subordinated debt and preferred stock ratings.
The affirmed ratings were as follows: issuer default, AAA; long-term senior debt, AAA; short-term debt, F1-plus; subordinated debt, AA-minus; and preferred stock, AA-minus. In addition, Fitch said it has assigned a support rating of 1 to the government-sponsored enterprise, meaning that the rating agency believes Freddie Mac's senior debt obligations and guaranteed mortgage-backed securities "would receive external support should it become necessary."
Fitch noted that it had placed Freddie's subordinated debt and preferred ...
Source: HighBeam Research, Fitch Takes Freddie Debt Off Watch List.(Brief article)