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

Rating Report, September 2023

Press Release, September 2023

Johann Juan


Credit Opinion, February 2024

Clifford Kim, CFA

S&P Global

Rating Report, December 2023


Xintong Tian

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.