Credit Ratings

CFC's long- and short-term debt portfolios are rated by three major credit rating agencies registered with the U.S. Securities and Exchange Commission (SEC): Fitch Ratings, Moody's Investors Service and S&P Global.

Current Credit Ratings

CFC Debt Instrument Fitch Ratings Moody's Investors Service S&P Global
Collateral Trust Bonds (CTBs) A+ A1 A-
Medium-Term Notes (MTNs) A A2 A-
InterNotes A A2 A-
Subordinated Notes BBB+ A3 BBB
Commercial Paper (CP) F1 P-1 A-2
Rating Outlook Stable Stable Stable

Research Reports

Fitch Ratings

Press Release, September 2022

Rating Report, February 2022

Analyst:
Johann Juan
312-368-3339

Moody's

Credit Opinion, December 2021

Analyst:
Clifford Kim, CFA
212-553-7880

S&P Global

Press Release, December 2021

Rating Report, November 2021

Analyst:
Xintong Tian
212-438-8215

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Financial Strength

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