S&P cuts Freddie Mac, Fannie Mae after U.S. downgrade

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S&P cuts Freddie Mac, Fannie Mae after U.S. downgrade

S&P cuts Freddie Mac, Fannie Mae after U.S. downgrade

FROM AAA down to AA+

According to REUTERS

“The downgrades of Fannie Mae and Freddie Mac reflect their direct reliance on the U.S. government,” the rating agency said.

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