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Moody’s says may cut Fannie Mae financial strength

February 28th, 2008 · Permalink



LONDON (Reuters) - Moody’s Investors Service on Thursday said it may cut its bank financial strength rating on Fannie Mae (FNM.N), the largest provider of financing for U.S. home loans, after it reported a $3.6 billion quarterly loss.

Moody’s however said it affirmed Fannie Mae’s Aaa senior debt and Prime-1 short-term debt ratings with a stable outlook.

“This loss exceeded our …

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