New York, March 30, 2016 -- Moody's Investors Service has assigned definitive ratings to six classes of notes on Connecticut Avenue Securities, Series 2016-C02, a securitization designed to provide credit protection to the Federal National Mortgage Association (Fannie Mae) against the performance of a reference pool of mortgages totaling approximately $36 billion. All of the Notes in the transaction are direct, unsecured obligations of Fannie Mae, and as such investors are exposed to the credit risk of Fannie Mae (Aaa Stable).

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