S&P downgrades mortgage giants Fannie, Freddie
WASHINGTON—Standard & Poor’s downgraded mortgage giants Fannie Mae and Freddie Mac from triple-A to AA+ Monday, citing their direct reliance on the US government, which it downgraded last Friday.
S&P also downgraded 10 out of 12 Federal Home Loan Banks and the senior debt issued by the Federal Farm Credit Banks.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
EDITORS' PICK
