No Change in Freddie Mac Ratings

S&P says the ratings are not affected by the departure of recently appointed CEO Greg Parseghian

On Aug. 25, 2003, Standard & Poor's said that its ratings on Freddie Mac (FRE ; 'AAA/A-1+' senior unsecured debt) are not affected by the latest change in senior management that involves the departure of recently appointed CEO Greg Parseghian upon the hiring of his successor, and the departure of the General Counsel, Maud Mater. Freddie Mac's safety and soundness regulator, OFHEO, directed the change in management.

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