Debt Securities

Fannie Mae issues a broad range of U.S. dollar debt securities across short‑ and long‑term maturities through scheduled offerings and reverse inquiry—supporting liquidity and offering investors flexible structures across the yield curve.

Our global investor base includes asset managers, commercial banks, pension funds, insurance companies, central banks, corporations, and state and local governments.

Explore Debt Products

Fannie Mae Credit Ratings

(As of June 30, 2026)

	S&P	Moody's	Fitch
Long-Term Senior Debt	AA+	Aa1	AA+
Short-Term Senior Debt	A-1+	P-1	F1+
Preferred Stock	D	Ca(hyb)	C/RR6
Outlook	Stable	Stable	Stable

^{On May 19, 2025, Moody’s Investors Service (“Moody’s”)}^{downgraded Fannie Mae’s}^{long-term senior unsecured debt rating to Aa1 from Aaa and changed Fannie Mae’s outlook to stable from negative. This action follows Moody’s}^{downgrade of the U.S. Government}^{to Aa1 on May 16, 2025.}