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John Chambers

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S&P: GSEs Could Strip U.S. of Top Credit Rating HW+

Apr 15, 2008By

A market bombshell released yesterday by Standard & Poor’s left many industry participants unsure of just what to think next, as the rating agency surprisingly suggested that the credit risks now being taken on by both Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] — as well as the Federal Home Loan Banking system — may be sufficient enough to threaten the U.S. government’s ‘AAA’ sovereign credit rating.

3d rendering of a row of luxury townhouses along a street

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