S&P Affirms US 'AA+' Rating, Sees Government Retaining Control of Fannie Mae, Freddie Mac
FMCC sits 80% above its 52-week low of $3.4.
Summary
S&P affirmed the U.S. sovereign credit rating at 'AA+/A-1+' with a stable outlook, indicating no immediate change in the nation's creditworthiness. For Freddie Mac (FMCC) and Fannie Mae (FNMA), the report specifically noted S&P's expectation that the U.S. government will not relinquish control over their management, even with potential IPOs. This commentary reinforces the ongoing conservatorship status, directly impacting the speculative investment thesis for these government-sponsored enterprises.
At the time of this announcement, FMCC was trading at $6.11 on OTC in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $3.40 to $14.99. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.