| ---------------------------------------- Economy/Business News Alert: S&P downgrades Fannie Mae and Freddie Mac August 8, 2011 11:14:29 AM ---------------------------------------- Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options. All the downgrades were from AAA to AA+. http://link.email.washingtonpost.com/r/0H2RO6/18761N/54JSO7/XEZFPC/G2BX7/4O/h For more information, visit PostBusiness.com ---------------------------------------- Get a unique daily review and analysis of the debt, deficit and economy debate. Sign up for Behind the Government Showdown: http://www.washingtonpost.com/ac2/wp-dyn?node=admin/email/express&action=subscribe&newsletter_code=GVTSHTDN ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071 |
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