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Article: Fannie Mae Announces the Second Step in the Implementation of its Voluntary Initiatives; S&P Assigns AA- `Risk to the Government' Rating to Fannie Mae.
- Article from:
- Business Wire
- Article date:
- February 27, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
WASHINGTON--(BUSINESS WIRE)--Feb. 27, 2001
Fannie Mae (NYSE:FNM), the nation's largest source of financing for home mortgages, today announced that Standard & Poor's Corporation (S&P) has provided a `risk to the government' credit rating of `AA-' to Fannie Mae.
"This is the next step in Fannie Mae's commitment to implement the Voluntary Initiatives announced last October with House Capital Markets, Insurance and GSEs Subcommittee Chairman Richard Baker, Congressman Paul Kanjorski, and a bipartisan group of Members of Congress," said Franklin D. Raines, Chairman and CEO of Fannie Mae. "Fannie Mae followed through on its first ...