Stock Market News

Fitch downgrades Fannie Mae and Freddie Mac

2023.05.25 20:00


Fitch downgrades Fannie Mae and Freddie Mac
 
By Tiffany Smith

Budrigannews.com – Fitch has set the appraisals of U.S. contract finance goliaths Fannie Mae and Freddie Macintosh (OTC:) as negotiations between lawmakers in the United States to raise the debt ceiling dragged on without reaching a conclusion.

This comes after the evaluations office on Wednesday had cautioned that the U.S. FICO score could be minimized in the event that an obligation roof bargain was not reached soon.

Fitch said in a statement on Thursday evening that the move reflected “uncertainty surrounding the resolution of the RWN (Rating Watch Negative) on the U.S.” Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy appeared to be getting close to a deal on Thursday to cut spending and raise the government’s $31.4 trillion debt ceiling, but there was little time left to avoid default.

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,269.58 0.98%
ethereum
Ethereum (ETH) $ 1,932.89 0.50%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.43 1.91%
bnb
BNB (BNB) $ 599.72 1.98%
solana
Solana (SOL) $ 134.71 0.84%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.748423 0.00%
dogecoin
Dogecoin (DOGE) $ 0.17651 0.70%
tron
TRON (TRX) $ 0.223357 0.28%
staked-ether
Lido Staked Ether (STETH) $ 1,931.18 0.31%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,172.55 0.90%
pi-network
Pi Network (PI) $ 1.46 5.60%
leo-token
LEO Token (LEO) $ 9.74 0.44%
chainlink
Chainlink (LINK) $ 14.08 3.32%
stellar
Stellar (XLM) $ 0.277406 1.84%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,308.41 0.58%
usds
USDS (USDS) $ 0.999711 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.193072 2.79%
the-open-network
Toncoin (TON) $ 3.30 14.91%
avalanche-2
Avalanche (AVAX) $ 18.58 3.61%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.48%
sui
Sui (SUI) $ 2.35 0.87%
litecoin
Litecoin (LTC) $ 92.73 0.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 339.90 2.03%
polkadot
Polkadot (DOT) $ 4.38 4.70%
mantra-dao
MANTRA (OM) $ 6.60 5.70%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
weth
WETH (WETH) $ 1,934.75 0.15%
bitget-token
Bitget Token (BGB) $ 4.48 0.01%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999777 0.03%
hyperliquid
Hyperliquid (HYPE) $ 14.56 2.67%
whitebit
WhiteBIT Coin (WBT) $ 28.85 1.59%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,054.32 0.28%
monero
Monero (XMR) $ 210.27 1.11%
uniswap
Uniswap (UNI) $ 6.11 0.41%
susds
sUSDS (SUSDS) $ 1.04 0.05%
aptos
Aptos (APT) $ 5.33 0.07%
dai
Dai (DAI) $ 0.999951 0.01%
near
NEAR Protocol (NEAR) $ 2.65 2.21%
pepe
Pepe (PEPE) $ 0.000007 2.47%
okb
OKB (OKB) $ 46.41 1.03%
internet-computer
Internet Computer (ICP) $ 5.73 1.00%
ondo-finance
Ondo (ONDO) $ 0.873597 2.26%
ethereum-classic
Ethereum Classic (ETC) $ 17.98 2.29%
gatechain-token
Gate (GT) $ 21.54 0.87%
aave
Aave (AAVE) $ 172.72 1.24%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,360.60 0.95%
mantle
Mantle (MNT) $ 0.745173 0.92%
official-trump
Official Trump (TRUMP) $ 12.07 1.09%