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Fannie's Corporate Governance Praised.(Federal National Mortgage Association)(Brief Article)
Fannie Mae has received a corporate governance rating of 9 from Standard & Poor's.
The rating system ranges from 1 to 10. The strong rating for the secondary market giant was issued last week, amid attacks on Fannie (and Freddie Mac) from competitors at FM Watch and The Financial Services Roundtable. (See related story.)
In issuing the rating, S&P said Fannie scored "strongly" or "very-strongly" in four key areas: financial transparency and information disclosure, ownership structure and influence, shareholder rights, and board structure and process.
In a statement, S&P notes, "In the area of financial ...
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