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-1
Rating Outlook Stable Stable Stable

Research Reports

Fitch Ratings

Rating Report, October 2020

Press Release, September 2020

Johann Juan


Credit Opinion, November 2020

Kevin Rose

S&P Global

Credit Research Report, November 2020

Matt Carroll, CFA

Service. Integrity. Excellence.

At CFC, our members’ success is our job. CFC is committed to delivering exceptional service, doing business with integrity and ensuring that you reach your financial goals.

Financial Strength

Find out how CFC meets our member-owners’ financial needs.