At the same time, we lowered our risk-to-the-government standalone issuer credit ratings on Fannie Mae and Freddie Mac to 'R' (regulatory supervision) from 'A-' and withdrew the ratings.
We have also revised the CreditWatch listing of the 'BBB+' subordinated debt ratings on these entities to positive from negative.
Daniel E Teclaw, New York (1) 212-438-8716
Xavier Chavee, New York (1) 212-438-6834
Scott Bugie, Hong Kong (852) 2533-3513