Moody's Downgrades FHLMC & FNMA
Moody's lowered the preferred stock ratings on Fannie & Freddie to Baa3 from A1, and the bank financial strength rating to D-plus from B-minus.
"Given recent market movement, Moody's believes these firms currently have limited access to common and preferred equity capital at economically attractive terms."
"Given recent market movement, Moody's believes these firms currently have limited access to common and preferred equity capital at economically attractive terms."
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