2021 Press Releases

    CFC To Host Conference Call on Fiscal Year 2021 Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, August 4, at 11 a.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2021 financial results.

    7/19/2021

    CFC’s Initial 2020 Key Ratio Trend Analysis Results Demonstrate Cooperatives’ Financial Strength

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) has analyzed preliminary data for its 2020 Key Ratio Trend Analysis (KRTA) report, an annual assessment of financial trends among electric distribution cooperatives nationwide. The results show the majority of electric cooperatives have maintained strong financial metrics and have successfully managed through last year’s economic downturn.

    4/14/2021

    CFC To Host Conference Call on Fiscal Year 2021 Third-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, April 16, at 1 p.m. Eastern Time. CFC Senior Vice President and CFO Andrew Don will review CFC’s fiscal year 2021 third-quarter financial results.

    3/11/2021

    CFC Taps CFO J. Andrew Don To Assume CEO Post

    DULLES, Va.— The National Rural Utilities Cooperative Finance Corporation (CFC), a member-owned nonprofit cooperative that provides financial products and services to America’s rural electric cooperative network, announced today that Chief Financial Officer J. Andrew Don, has been selected by its board of directors to assume the role of chief executive officer, effective May 3, 2021. Don assumes the position from long-time CEO Sheldon C. Petersen, age 68, who in July 2020 announced his plan to retire. Global executive search firm Korn Ferry (NYSE: KFY) led the search process for a replacement.

    3/5/2021

    CFC To Host Conference Call on Severe Weather Impact on Borrowers

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Monday, March 8, at 10 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will provide an update on the impact that recent weather events have had on CFC borrowers.

    3/5/2021

    S&P Global Ratings Issues Downgrade and Revised Outlook on CFC

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) announced that S&P Global Ratings (S&P) issued a downgrade on the organization’s secured and unsecured debt, while revising its outlook to “negative” based on the potential for elevated credit stress posed by electric utilities operating in Texas following last month’s winter storm that resulted in blackouts and billing errors throughout the state.

    1/13/2021

    CFC To Host Conference Call on Fiscal Year 2021 Second-Quarter Financial Results

    DULLES, Va.—The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Wednesday, January 20, at 10 a.m. Eastern Time. CFC Senior Vice President and CFO J. Andrew Don will review CFC’s fiscal year 2021 second-quarter financial results.