Wednesday, May 14, 2008

Moody's cuts Freddie Mac financial strength rating - Forbes.com

financial strength rating on government-backed mortgage lender Freddie Mac to 'B+' from 'A-,

Moody's cuts Freddie Mac financial strength rating - Forbes.com: "NEW YORK - Credit ratings agency Moody's Investors Service downgraded its bank financial strength rating on government-backed mortgage lender Freddie Mac to 'B+' from 'A-,' with a negative outlook...

The agency affirmed all of the lender's other debt ratings. The outlook on Freddie Mac (nyse: FRE - news - people )'s 'Aaa' senior debt and 'Aa2' subordinated debt ratings remains stable..."

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