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Published on 10/23/2009 in the Prospect News Agency DailyProspect News Convertibles Daily.

Fitch affirms Fannie, Freddie

Fitch Ratings said it affirmed the AAA long-term issuer default ratings, AAA senior debt ratings, AA- subordinated debt ratings and F1+ short-term debt ratings of Fannie Mae and Freddie Mac as well as their 1 support ratings and AAA support floors.

The outlook is stable.

The agency said the companies' ratings are indicative of strong U.S. government support.


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