S&P warns it may downgrade Fannie, Freddie credit ratings
World BusinessJul 17, 2011
WASHINGTON (AP) ― Standard & Poor’s warned mortgage lenders Fannie Me and Freddie Mac on Friday that they may lose their top credit ratings if lawmakers don’t raise the U.S. government’s borrowing limit in time to avoid a default.S&P said government-controlled Fannie and Freddie, along with certain Federal Home Loan Banks and Farm Credit System Banks, could also default on their debts, given each