SOURCE: Freddie Mac
January 31, 2017 09:46 ET
MCLEAN, VA--(Marketwired - Jan 31, 2017) - Freddie Mac (OTCQB: FMCC) today announced that six additional Structured Agency Credit Risk (STACR®) debt notes have received designations by the National Association of Insurance Commissioners (NAIC) for the 2016 filing year. With these additions, all of the company's 2016 STACR debt notes have received top NAIC designations.
2016 STACR Debt Note Additional NAIC Designations:
NAIC Designations are the specific alphanumeric symbols in use by the NAIC SVO to denote a category of credit quality. The NAIC's Structured Securities Group (SSG) is responsible for the day-to-day credit quality assessment and valuation of securities owned by state regulated insurance companies. The SVO conducts credit analysis on these securities for the purpose of assigning an NAIC designation and/or unit price. The NAIC designation categories are described on the NAIC's SSG webpage.
The National Association of Insurance Commissioners 2016 Mortgage Reference Securities Report is not a substitute for or functional equivalent of the credit ratings of rating agencies and is not produced to permit investors to compare the likelihood of default or of full and timely payment between one or more securities.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
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