CFC's long- and short-term debts are rated by two of the major credit rating agencies registered with the SEC: Moody's Investors Service and Standard & Poor's Corporation.
The following table presents CFC's current credit ratings.
| CFC Debt Instrument | Moody's Investors Service | Standard & Poor's |
|---|---|---|
Collateral Trust Bonds (CTBs) |
A1 | A+ |
| Medium Term Notes (MTNs) | A2 | A |
| InterNotes | A2 | A |
| Subordinated Notes | A3 | BBB |
| Commercial Paper (CP) | P-1 | A-1 |
| Ratings Outlook | Stable | Negative |
Standard & Poor's
S&P Corrects NRUCFC Subordinated Debt Rating, January 2010
S&P Credit Report: NRUCFC Rating Affirmed; Outlook Revised to Negative, September 2009
S&P Research Update: NRUCFC Rating Affirmed; Outlook Revised to Negative, August 2009
Moody's Investors Service
Credit Analysis: National Rural Utilities Cooperative Finance Corp., December 2009
Credit Opinion: National Rural Utilities Cooperative Finance Corp., November 2009
Moody's Affirms National Rural's Ratings; Outlook Stable, November 2009
