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

Analyst:
Johann Juan
312-368-3339

Moody's

Credit Opinion, November 2019

Analyst:
Kevin Rose
212-553-0389

S&P Global

Credit Research Report, November 2019

Analyst:
Matt Carroll, CFA
212-438-3112

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Financial Strength

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